RBC Capital analyst Sean Dodge upgraded Phreesia (PHR) to Outperform from Sector Perform with a price target of $32, up from $24. The firm cites greater conviction in the company’s longer-range EBITDA outlook for the upgrade. It now sees a clearer path for Phreesia to drive higher revenue per client, while also maintaining a stable cost base. Phreesia has recently realigned its efforts toward driving a bigger proportion of its growth by increasingly monetizing its existing client base, whereas historically a majority of growth was driven via new client adds, the analyst tells investors in a research note.
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Read More on PHR:
- Phreesia named ‘Vertical Software 2025 top pick’ at DA Davidson
- Phreesia price target raised to $34 from $31 at Truist
- Phreesia price target lowered to $30 from $34 at Baird
- Phreesia’s Global Expansion: Navigating Legal Hurdles and Compliance Costs
- Phreesia Reports Strong Q3 2025 Performance
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
