Phreesia Inc. (PHR) PT Raised to $31 at Baird
Baird analyst Joe Vruwink raised the price target on Phreesia Inc. (NYSE: PHR) to $31.00 (from $30.00) while maintaining a Outperform rating.
The analyst comments "F4Q revenue +24% YoY (2% upside), with all revenue lines exceeding estimates; fastest growth seen in SaaS (client adds ~in-line, but better revenue-per-client) and Network Solutions (this business remains a standout in digital marketing space, forward pipeline looks good). Meanwhile, EBITDA losses improved to ($4M) vs. ($18M) YoY (consensus=$7M loss). On FY25 outlook, Phreesia reiterating revenues at $424-434M (19-22% growth, consensus=$428M) and raising EBITDA to $12-20M vs. ($35M) YoY (consensus=$13M). Anticipated client additions going forward are prioritizing “profitable revenue growth,” which should yield improving retention and CAC payback."