PGNY Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Progyny, Inc. (PGNY) closed at $22.05 on 2025-03-24. The stock showed a pre-market decline of 0.50% and a regular market increase of 0.87%. The volume was 1,493,260.
Fibonacci Levels:
- Pivot Point: 20.78
- Resistance Levels: R1 (21.74), R2 (22.34)
- Support Levels: S1 (19.81), S2 (19.22)
Technical Indicators:
- RSI (14): 55.36 (Neutral)
- MACD: -0.13 (Bearish signal)
- Stochastic (14,3,3): K=61.98, D=41.70 (Neutral)
News Impact:
Progyny launched a Parent and Child Well-being program, which is positive. However, the stock dropped 6.5% in pre-market trading, possibly due to negative sentiment or other factors.
Prediction and Recommendation:
Based on the analysis, PGNY is expected to decline slightly. The predicted price for the next trading week is $20.50. It is recommended to sell PGNY due to bearish technical indicators and recent price action.
PGNY Similar Chart Price Prediction
The price of PGNY is predicted to go up 29.58%, based on the high correlation periods with HBIO. The similarity of these two price pattern on the periods is 97.17%.
PGNY
HBIO
Up: 29.58%Similarity: 97.17%
PGNY Revenue Forecast
PGNY EPS Forecast
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PGNY Analyst's Forecast
Anne Samuel
JP Morgan
Buy → Hold
2024-12-02
Price Target
$22 → $17
Upside
+9.04%
JPMorgan downgraded Progyny to Neutral from Overweight with a price target of $17, down from $22. The company's recent struggles with utilization and attrition "have presented a set of challenges for the story that are difficult to overcome," the analyst tells investors in a research note. The firm says a path to resolution in the near term is less clear, resulting in a lack of catalysts to get the story going, with long-term targets more difficult to achieve given the near-term setbacks.
Sarah James
Barclays
Buy
2024-11-14
Price Target
$30 → $17
Upside
+21.6%
Michael Cherny
B of A Securities
Strong Buy
2024-11-13
Price Target
$22 → $21
Upside
+51.08%
