JMP Securities Maintains Market Outperform on Phreesia, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Joe Goodwin has maintained a Market Outperform rating on Phreesia (NYSE:PHR) but has reduced the price target from $39 to $28.
December 06, 2023 | 12:23 pm
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NEGATIVE IMPACT
JMP Securities reaffirmed a Market Outperform rating on Phreesia, but lowered the price target from $39 to $28, indicating a potential downside compared to the previous target.
The reduction in price target by JMP Securities suggests that they see less upside potential for Phreesia's stock price in the short term, which could lead to negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100