5 Analysts Have This To Say About Phreesia
Portfolio Pulse from Benzinga Insights
Phreesia (NYSE:PHR) has received mixed analyst ratings over the past three months, with a shift towards a more bearish sentiment in the last 30 days. The average 12-month price target for PHR has been lowered to $28.2, a 24.3% decrease from the previous target of $37.25. Analysts from Barclays, Raymond James, Keybanc, JMP Securities, and Needham have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Phreesia's financial performance shows a positive revenue trend with a growth rate of 25.33% as of October 31, 2023, but a net margin of -34.86% and an ROA of -8.93%, indicating some financial challenges.
January 03, 2024 | 2:00 pm
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NEGATIVE IMPACT
Phreesia has seen a decrease in the average 12-month price target from analysts, indicating a bearish sentiment. The company's financials show revenue growth but also highlight profitability challenges with a negative net margin and ROA.
The reduction in the average price target by analysts suggests that they expect Phreesia's stock price to face downward pressure in the short term. The negative net margin and ROA may concern investors about the company's profitability, potentially leading to a decrease in stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100