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Phreesia price target raised to $40 from $35 at Guggenheim
The Fly

Phreesia price target raised to $40 from $35 at Guggenheim

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

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