The case for PGNY at $150
As of Wednesday, November 3rd, 2021, PGNY trade around $60. However, I believe that in the next couple of years it should be valued at a minimum of $150 per share. I am trying to make the bullish case for it.
Population / Potential customers
There are a few macro-tendencies at play here. More than half of fertility treatments happen when women are between 35 and 40. Millennials, the largest US population, is in that group age, or will turn 35 in the next 10 years. Indeed, the 2 largest age groups in the US are people between 25 and 29…