Phreesia up after RBC upgrades to 'outperform'

Phreesia

08/01/2025 17:32

** Shares of digital healthcare services platform Phreesia
 PHR.N  rise as much as 4.2% to $28.10, the highest since
February 2024
    ** Brokerage RBC Capital Markets upgrades the stock to
"outperform" from "sector perform", raises PT by $8 to $32
    ** Sees company's average revenue per client growth
accelerating, on increasing Network Solutions segment momentum,
cross-selling of several newer provider add-ons and signing of
new clients with bigger initial solution bundles
    ** Also sees company's operating cost base remaining stable,
and helping to generate significant operating leverage
    ** Fifteen brokerages rate the stock "buy" or higher; with a
median PT of $30, according to data compiled by LSEG
    ** PHR sales rose 8.7% last year

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))