Phreesia price target raised to $33 from $26 at RBC Capital

RBC Capital analyst Sean Dodge raised the firm’s price target on Phreesia to $33 from $26 after its better than expected Q4 revenue and EBIDTA but keeps a Sector Perform rating on the shares. The analyst warns that even if PHR hits its FY24 targets, it still takes an acceleration in FY25 to achieve its FY25 goal. While Phreesia has a track record for guiding conservatively, the firm further cautions that the setup and environment are "probably a bit different now", RBC tells investors in a research note.