Phreesia price target raised to $39 from $34 at JMP Securities

JMP Securities analyst Joe Goodwin raised the firm’s price target on Phreesia to $39 from $34 and keeps an Outperform rating on the shares. The company reported better than expected results for Q4, beating on the top and bottom lines, though the FY23 revenue outlook was slightly below expectations, the analyst tells investors in a research note. The firm continues to like the company as it scales into its expense base.