Piper Sandler raises Phreesia PT on good long-term visibility

Phreesia

25/01/2023 15:43

** Piper Sandler raises PT on digital healthcare services
platform Phreesia Inc  PHR.N  to $43 from $37 
    ** Says there is a good visibility into the co's long-term
performance; maintains "overweight" rating 
    ** Return to historical level of employee productivity
should put co's FY25 targets well within reach - brokerage
    ** Adds PHR's product, strategy and execution make it a top
pick for 2023 
    ** 13 of 15 brokerages rate stock "buy" or higher and 2
"hold"; median PT is $38.50 - Refinitiv IBES 
    ** Stock up ~5% this month 
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))