20 Stocks That Will Double in 2026

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14. Phreesia Inc. (NYSE:PHR)

Average Upside Potential as of December 10: 102.79%

Number of Hedge Fund Holders: 30

Phreesia Inc. (NYSE:PHR) is one of the stocks that will double in 2026. On December 10, Baird lowered the firm’s price target on Phreesia to $25 from $31 with an Outperform rating on the shares. This announcement was made after the firm updated its model to reflect the company’s latest guidance for 2026-2027.

Just a day prior, Phreesia released its FQ3 2026 earnings report, where the company announced a total revenue of $120.3 million, which marked a 13% increase year-over-year. Furthermore, Phreesia achieved positive net income for the second consecutive quarter, reporting $4.3 million for FQ3. The number of Average Healthcare Services Clients/AHSCs reached 4,520, an increase of 53% from the prior quarter, largely driven by the acquisition of AccessOne. Total revenue per AHSC also increased by 6% year-over-year, reaching $26,622.

Phreesia’s FY2026 revenue outlook was adjusted to a range of $479 to $481 million, which includes a more cautious approach to network solutions due to market fluidity and regulatory uncertainty surrounding direct-to-consumer advertising. FY2027 revenue outlook is expected to be in the range of $545 to $559 million. This 2027 revenue guidance anticipates mid-single-digit growth in AHSCs and double-digit growth in revenue per AHSC, with network solutions expected to be the fastest-growing segment, followed by payment processing and subscription services.

Phreesia Inc. (NYSE:PHR) provides an integrated SaaS-based software and payment platform for the healthcare industry in the US and Canada.

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