Progyny has delivered four consecutive earnings beats averaging 15.5% above estimates with excellent free cash flow conversion of 296%, but the stock has reached analyst targets and the current price offers no meaningful upside cushion.
Thesis pillars
- Quality Cashflow Strength→Stable
- Earnings Beat Consistency↑Improving
- Valuation Target Exhaustion↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 27, 2026· older than 90 days
Progyny, Inc. (PGNY) Stock Analysis
Breakout setup
Healthcare · Healthcare Plans
Hold if already holding. Not a fresh buy at $30.10, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining.
Progyny, Inc., a benefits management company, provides fertility, family building, and women's health benefits solutions in the United States. It offers fertility benefits solutions, such as differentiated benefits plan design that includes smart cycle treatment bundle;... Read more
Hold if already holding. Not a fresh buy at $30.10, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 67, MACD bullish. Maintain position. Not compelling to add more. Score 6.1/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news boost earnings 0.60, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated Nov 1, 2026Recent Developments — Progyny, Inc.
Latest news
- NEWS Progyny (PGNY) Cuts Guidance And Puts Its Valuation Back In Focus - Yahoo Finance — Yahoo Finance Nov 1, 2026 negative
- NEWS Is Lower Revenue Guidance Altering The Investment Case For Progyny Stock (PGNY)? - Yahoo Finance — Yahoo Finance Nov 1, 2026 negative
- NEWS Is Progyny (PGNY) Priced At A Premium For Its Earnings? - Simply Wall St — Simply Wall St Oct 29, 2026 neutral
- NEWS Progyny, Inc. (NASDAQ: PGNY) Insider Swartz Allison Forfeits 1,307 Shares at $26.29-$26.61 Range - Kalkine Media — Kalkine Media Sep 9, 2026 negative
- NEWS Progyny, Inc. (NASDAQ: PGNY) Insider Swartz Allison Forfeits 1,307 Shares at $26.29-$26.61 Range - kalkinemedia.com — kalkinemedia.com Sep 9, 2026 neutral
Latest item Nov 1, 2026 · Generated 2026-11-05T11:39:31Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomertechnology industry clients10-K Item 1A: 'In addition, we generate a significant portion of our revenue from clients in the technology industry.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $30.10, but acceptable to hold if already in. Reason: Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 67, MACD bullish. Maintain position. Not compelling to add more. Analyst target $29.94 reached (−0.5%), stop $28.30 (−6.4%), A.R:R -0.1:1. Score 6.1/10, moderate confidence.
Analyst target $29.94 reached (−0.5% from $30.10); no take-profit level is published. Analyst target $29.94 reached (−0.5%), stop $28.30 (−6.4%), A.R:R -0.1:1. Stop-loss: $28.30.
Analyst target reached - limited upside remaining.
Progyny, Inc. trades at a P/E of 32.7 (forward 13.0). TrendMatrix value score: 6.5/10. Verdict: Hold.
18 analysts rate PGNY, with a consensus score of 4.2/5. 12 analysts publish price targets averaging $34.
What does Progyny, Inc. do?Progyny, Inc., a benefits management company, provides fertility, family building, and women's health benefits...
Progyny, Inc., a benefits management company, provides fertility, family building, and women's health benefits solutions in the United States. It offers fertility benefits solutions, such as differentiated benefits plan design that includes smart cycle treatment bundle; personalized concierge-style member support services; and a selective network of fertility specialists. The company also offers Progyny Rx, an integrated pharmacy benefits solution that provides access to the medications needed during their treatment and offers care management services, as well as pregnancy and postpartum, menopause and midlife, benefit and leave navigation, and parent and child wellbeing solutions. In addition, it provides assistance service program where various services can be offered through a reimbursement program, including adoption, surrogacy, doula, and travel reimbursement when travel is required to receive medical services. The company was formerly known as Auxogyn, Inc. and changed its name to Progyny, Inc. in 2015. Progyny, Inc. was incorporated in 2008 and is headquartered in New York, New York.