Raymond James Maintains Outperform on Phreesia, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Ransom has maintained an Outperform rating on Phreesia (NYSE:PHR) but reduced the price target from $30 to $25.
December 07, 2023 | 9:44 am
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NEUTRAL IMPACT
Phreesia's Outperform rating is maintained by Raymond James, but the price target is lowered from $30 to $25, indicating potential upside but with caution.
The maintenance of the Outperform rating suggests that Raymond James still sees Phreesia as a strong investment relative to the market, indicating potential growth or recovery. However, the reduction in the price target could reflect a reassessment of the company's growth prospects, potential headwinds, or a more conservative valuation approach. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100