1/2/2023 0 Comments Stock rapt![]() In its Q2 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Progyny, Inc. (NASDAQ:PGNY) is one of the stocks attracting the interest of growth investors. (NASDAQ:GOOG), and Microsoft Corporation (NASDAQ:MSFT), Progyny, Inc. (NASDAQ:PGNY), down from 39 in the previous quarter worth $290 million. (NASDAQ:PGNY) stock to $72 from $64 and kept an Overweight rating on the shares, noting that the adoption curve for fertility benefits pointed to increased business for the firm in 2022.Īt the end of the third quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $200 million in Progyny, Inc. The company has developed a solid relationship with doctors over the past few years and as delayed parenthood and egg freezing becomes more common, it looks set to benefit from increased consultancies.īarclays analyst Sarah James recently raised the price target on Progyny, Inc. (NASDAQ:PGNY) provides fertility and family building solutions. Photo by Kaleidico on Unsplash Best Growth Stocks for 2022 10. Eurozone growth prospects are growing as well and the Chinese economy is rebounding. Consumer spending and industrial production are also registering robust gains, albeit with minor blips. A broad price correction is already underway in commodity markets. ![]() ![]() However, even as overall economic growth slows, the emerging conditions, such as easing supply pressures, slowing inflation, and improved confidence in the market due to the vaccine penetration, are likely to benefit certain sectors of the economy. Overall, most analysts see growth slowing next year. Market research firm IHS Markit has also echoed these predictions but expects the global GDP growth rate next year to hover around 4.2%. ![]() In August, the estimated 2022 growth rate had stood at 4.5%. ![]() Ratings agency Moody’s estimates that advanced economies will collectively grow at a rate of 4.4% in 2022, down from 5.4% in 2021, but far ahead of the 3.2% contraction registered in 2020. The optimism surrounding the global economic recovery has been dented by supply chain concerns and rising inflation. ![]()
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