Raymond James Reiterates Outperform Rating on Phreesia Inc. (PHR)

Raymond James analyst John Ransom reiterated an Outperform rating and $30.00 price target on Phreesia Inc. (NYSE: PHR)

The analyst comments "We view this as another clean quarter, marked by modest top-line upside and stronger-than-expected margin flow-through - a dynamic we expect to persist as Phreesia maintains expense discipline while investing strategically in innovation. We model FY29 (calendar 2028) adj. EBITDA of $236M and FCF of $212M, which implies an ~7.2x FCF multiple on FY29 numbers, or a 16.5% FCF yield. In our view, Phreesia remains a profitable growth story with durable fundamentals, even amid a volatile macro backdrop, and is well positioned to compound earnings through the back half of the decade."

For an analyst ratings summary and ratings history on Phreesia Inc. click here. For more ratings news on Phreesia Inc. click here.

Shares of Phreesia Inc. closed at $23.30 yesterday.

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