Needham raised the firm’s price target on Phreesia (PHR) to $35 from $29 and keeps a Buy rating on the shares. The firm cites the company’s Q2 earnings beat, with expense management driving another FY26 EBITDA raise, the analyst tells investors in a research note. Phreesia’s core business continues to chug along, with the anticipated slowdown in provider adds allowing the company to highlight y/y ARPU – average revenue per user – growth in the base, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PHR:
- Phreesia assumed with a Buy at DA Davidson
- Phreesia price target raised to $34 from $33 at Piper Sandler
- Phreesia price target raised to $38 from $34 at Canaccord
- Phreesia’s Strategic Growth and Financial Strength Justify Buy Rating Amidst AccessOne Acquisition
- Phreesia’s Strong Financial Performance and Strategic Acquisitions Justify Buy Rating