Phreesia price target raised to $30 from $28 at DA Davidson

DA Davidson raised the firm’s price target on Phreesia to $30 from $28 but keeps a Neutral rating on the shares. The company reported another quarter of revenue and margin outperformance, but its guidance was mixed, with FY24 revenue modestly lower than consensus, the analyst tells investors in a research note. Phreesia management continues to exercise spending restraint even as it executes well, the firm added.