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Truist raises Progyny price target to $36 after strong Q2 results and growing institutional support

Analyst Insights
13 Aug 2026
Rayan Ahmad
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Bullish
Truist raises Progyny price target to $36 after strong Q2 results and growing institutional support

Truist Financial raised its price target for Progyny to $36, signaling nearly 40% upside from its current price. This follows Progyny's record quarterly revenue of $350.51 million, earnings per share of $0.55 beating estimates, and strong client retention. Large institutional investors, including California State Teachers Retirement System, are significantly increasing their stakes, indicating confidence in Progyny's long-term growth. The company is well positioned for the 2027 selling season with positive market outlook.

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