Core Insights - Phreesia Inc. reported stronger-than-expected second-quarter earnings, with earnings of 1 cent per share compared to a forecasted loss of 6 cents, and revenue increased by 15% year-over-year to $117.26 million, surpassing estimates [1] - The company announced a $160 million cash acquisition of AccessOne Parent Holdings, expected to close in the latter half of fiscal 2026, which is projected to add approximately $35 million in annual revenue and $11 million in adjusted EBITDA [2] - Phreesia reaffirmed its fiscal 2026 sales guidance of $472 million to $482 million, slightly above consensus estimates, and updated its adjusted EBITDA outlook to $87 million to $92 million [3] Financial Performance - The average number of healthcare service clients increased by 7% to 4,467, with revenue per client also rising by 7% to $26,249 [1] - Adjusted EBITDA surged to $22.1 million from $6.5 million a year earlier [1] Analyst Reactions - Analysts expressed concerns about integration risks associated with the acquisition, despite acknowledging the solid second-quarter results [3] - Needham maintained a Buy rating on Phreesia and raised the price forecast from $29 to $35, while Piper Sandler reiterated an Overweight rating and increased the price forecast from $33 to $34 [4] Stock Performance - Phreesia's stock price fell by 8.35% to $28.61 during the last check on Friday [5]