Phreesia price target raised to $35 from $33 at DA Davidson

DA Davidson analyst Clark Wright raised the firm’s price target on Phreesia (PHR) to $35 from $33 and keeps a Buy rating on the shares after its completed AccessOne acquisition. The asset represents a key growth lever to unlock incremental revenue opportunities with new and existing customers, the analyst tells investors in a research note. Phreesia shares have also underperformed since the company reported Q2 results, down 36% vs. the IGV ETF, which is down 3%, the firm added.