Phreesia price target lowered to $30 from $35 at DA Davidson

Core Viewpoint - DA Davidson has lowered the price target for Phreesia (PHR) to $30 from $35 while maintaining a Buy rating, indicating a positive outlook despite recent stock price underperformance [1] Group 1: Price Target and Rating - The price target for Phreesia has been reduced to $30 from $35 [1] - DA Davidson continues to hold a Buy rating on Phreesia shares [1] Group 2: Growth Drivers and Revenue Outlook - The firm engaged in discussions with Phreesia regarding long-term growth drivers that could exceed the 8%-10% organic year-over-year revenue growth guidance for FY27 [1] - There is potential for positive revisions to future revenue numbers based on the discussions [1] Group 3: Investment Opportunity - The recent underperformance of Phreesia's stock price is viewed as a buying opportunity by the analyst [1]