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Phreesia Inc (PHR) stock has reached a new 52-week high, touching 30.59 USD. This milestone comes amid strong momentum, with the stock posting a 17% return over the past year and impressive 12% gains in the last six months. According to InvestingPro data, four analysts have recently revised their earnings estimates upward, with price targets ranging from $29 to $35. The healthcare technology company, known for its patient intake and engagement solutions, has seen its stock price rise amid growing investor confidence and market demand for its services. With a market capitalization of $1.8 billion and robust revenue growth of 16.29%, Phreesia continues to expand its footprint in the healthcare technology sector. InvestingPro analysis reveals a "GREAT" financial health score, suggesting strong fundamentals supporting the company’s growth trajectory. Discover more insights about PHR and 1,400+ other stocks with InvestingPro’s comprehensive research reports.
In other recent news, Phreesia has been the focus of several key developments. The company reported a first-quarter earnings result that included a 16% growth rate in its Subscription and services segment, bolstered by approximately $1 million in non-recurring revenue. Without this one-time boost, the growth rate stood at 14% year-over-year. Meanwhile, Canaccord Genuity adjusted its price target for Phreesia to $34, down from $35, but maintained a Buy rating, citing the company’s strong growth and profitability. DA Davidson also reiterated a Buy rating, with a price target of $34, highlighting Phreesia’s effective monetization strategies and expense management, despite some challenges in the Network Solutions segment. Additionally, KeyBanc Capital Markets maintained its Overweight rating and a $35 price target, emphasizing growth catalysts in specialty provider networks. JPMorgan also reiterated an overweight rating, expressing confidence in Phreesia’s fiscal year 2026 growth algorithm. In partnership news, Phreesia announced a five-year collaboration with Sesame Workshop to provide health education content featuring Sesame Street characters during children’s medical visits, starting in October.
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