Guggenheim analyst Jack Wallace raised the firm’s price target on Phreesia to $40 from $35 and keeps a Buy rating on the shares after updating the firm’s model. The firm, which notes its modestly lowered estimates, is pushing back its price target reference revenue estimate by a year to FY25. Guggenheim remains confident that Phreesia will not need to raise capital to achieve its FY25 revenue and EBITDA targets, the analyst added.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PHR: