Raymond James Maintains Outperform Rating for Phreesia: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for Phreesia (NYSE:PHR) but lowered its price target from $40.00 to $30.00. Phreesia's shares are currently trading up 1.6% at $22.25 per share. A move to the new price target would represent a 34.83% increase from the current share price.
September 11, 2023 | 5:00 pm
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Raymond James has maintained its Outperform rating for Phreesia but lowered its price target. This could potentially lead to increased investor interest and a rise in the stock price.
The Outperform rating indicates that Raymond James expects Phreesia to do better than the market average. This could attract investors, potentially driving up the stock price. However, the lowering of the price target might indicate a tempered expectation of the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100