Raymond James cuts Phreesia stock price target on pharma ad headwinds

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Raymond James has lowered its price target for Phreesia Inc. (NYSE:PHR) to $16 from $25, citing headwinds in pharmaceutical advertising despite the company beating Q4 fiscal 2026 revenue and adjusted EBITDA estimates. Phreesia also reduced its fiscal 2027 revenue guidance by about 7% due to lower visibility in pharma ad spending, although it maintained its adjusted EBITDA guidance by planning cost controls through AI. Other analysts, including Citizens and BMO Capital, have also adjusted their ratings and price targets following Phreesia’s updated outlook.

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