Citi analyst Daniel Grosslight lowered the firm’s price target on Phreesia (PHR) to $33 from $35 and keeps a Buy rating on the shares. While stating that “there was nothing too concerning” in Q1 results, the firm notes shares have traded down about 5%, which it attributes to expectations for a revenue beat this quarter. Given lack of visibility, though, the firm is lowering revenue estimates in FY25, FY26 and FY27, which leads to a slight reduction in its adjusted EBITDA estimates and an associated change in its price target
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Read More on PHR:
- Phreesia’s Strong Q1 2026 Performance and Resilient Outlook Justify Buy Rating
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- Phreesia’s Strong Q1 Performance and Growth Prospects Justify Buy Rating
- Phreesia backs FY26 revenue view $472M-$482M, consensus $475.57M
- Phreesia reports Q1 EPS (7c), consensus 16c
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