Phreesia Gets Price Target Bumps By Analysts Following Q4 Results

Phreesia, Inc. PHR reported results for its fourth quarter.

Phreesia posted a quarterly loss of $0.72 per share, versus analysts’ expectations for a loss of $0.51 per share. The company’s quarterly sales came in at $76.59 million, versus estimates of $74.50 million.

Phreesia said it sees FY24 revenue of $353 million to $356 million, versus analysts’ estimates of $357.83 million.

Phreesia shares fell 6.3% to close at $33.59 on Wednesday and lost 1.8% in after-hours trading.

These analysts made changes to their price targets on Phreesia following the release of results.

• JMP Securities raised the price target on Phreesia from $34 to $39. JMP Securities analyst Joe Goodwin maintained an Outperform rating.
• RBC Capital increased the price target on Phreesia from $26 to $33. RBC Capital analyst Sean Dodge maintained a Sector Perform rating.
• DA Davidson boosted the price target on Phreesia from $28 to $30. DA Davidson analyst Robert Simmons maintained the stock with a Neutral rating.
• Needham analyst Ryan MacDonald, meanwhile, reiterated Phreesia with a Buy and maintained a $40 price target.

Check This Out: Top 5 Tech And Telecom Stocks That Are Preparing To Pump This Quarter