Citi lowered the firm’s price target on Phreesia (PHR) to $25 from $29 and keeps a Buy rating on the shares as part of the firm’s 2026 outlook note on the health tech and distribution group. 2025 proved to be another challenging year for health tech, with nearly one-third of the group down greater than 25%, but the firm is “cautiously optimistic” looking ahead to 2026, the analyst tells investors.
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