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JPMorgan cut Phreesia's price target to $24 despite strong earnings and an "overweight" rating.
JPMorgan Chase lowered its price target for Phreesia (PHR) to $24.00 from $29.00, maintaining an "overweight" rating, as analysts express mixed views on the stock.
The company reported strong Q3 earnings with $0.10 EPS and 12.7% revenue growth, though analysts still expect a loss of $1.10 per share for the current year.
Insider sales by the CFO and general counsel were disclosed, while institutional ownership remains high.
Phreesia's stock has a 52-week range of $11.57 to $32.76 and a 200-day moving average of $21.03.
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JPMorgan recortó el precio objetivo de Phreesia a $24 a pesar de las fuertes ganancias y una calificación "sobrepeso".