Phreesia Q2 results spur analyst estimate and price-target revisions
Phreesia reported Q2 earnings of 3 cents per share and sales of $129.458 million. It affirmed FY2027 sales guidance of $510 million to $520 million. Analysts raised or reiterated price targets after the earnings report.
Phreesia Inc (NYSE: PHR ) on Wednesday reported mixed second-quarter financial results.
Phreesia reported quarterly earnings of 3 cents per share which missed the analyst consensus estimate of 10 cents per share.
The company reported quarterly sales of $129.458 million which beat the analyst consensus estimate of $129.069 million.
Phreesia affirmed its FY2027 sales guidance of $510.000 million to $520.000 million.
Phreesia shares fell 5.6% to trade at $11.21 on Thursday.
These analysts made changes to their price targets on Phreesia following earnings announcement.
Wells Fargo analyst Stan Berenshteyn maintained the stock with an Equal-Weight rating and raised the price target from $9 to $10.
Needham analyst Ryan MacDonald reiterated the stock with a Buy and maintained a $14 price target.
RBC Capital analyst Ryan Halsted reiterated the stock with an Outperform rating and maintained a $19 price target.
Considering buying PHR stock? Here’s what analysts think: Photo via Shutetrstock