Phreesia Inc. (PHR) PT Lowered to $13 at DA Davidson

DA Davidson analyst Clark Wright lowered the price target on Phreesia Inc. (NYSE: PHR) to $13.00 (from $14.00) while maintaining a Buy rating.

The analyst commented, "Shares are down in response to in-line F2Q27 results and a reiteration of the full year guide despite more encouraging network solution activity vs. the company's prior outlook and a growing opportunity with AccessOne to provide consumers with alternative payment options. Based on our callback we are pushing the AccessOne growth ramp out into FY28 and moderating our subscription revenue assumptions, partially offset by higher network solutions contributions. As a result of these changes we are maintaining our BUY rating and lowering our PT to $13 (5.5x FY28 EBITDA)."

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