Phreesia price target raised to $33 from $31 at Piper Sandler

Piper Sandler analyst Jessica Tassan raised the firm’s price target on Phreesia (PHR) to $33 from $31 and keeps an Overweight rating on the shares. Capital allocation, strategic agility and execution are the building blocks of durable, profitable growth in the public market, the firm notes, adding that for Phreesia, these are core competencies. Piper’s investor meetings with Phreesia’s CEO Chaim Indig and CFO Balaji Ghandi last week affirmed its confidence in sustained, double-digit revenue growth at high incremental margins.