Phreesia price target raised to $28 from $25 at DA Davidson

DA Davidson analyst Robert Simmons raised the firm’s price target on Phreesia to $28 from $25 and keeps a Neutral rating on the shares. The analyst cites the company’s solid revenue beat and strong margin outperformance, also noting that Phreesia is making progress towards its financial targets and largely brushed off any demand concerns as it maintains growth.