Align Technology Inc

Align Technology Inc Stock Forecast & Price Prediction

Live Align Technology Inc Stock (ALGN) Price
$220.51

11

Ratings

  • Buy 11
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$220.51

P/E Ratio

37.57

Volume Traded Today

$843,800

Dividend

Dividends not available for ALGN

52 Week High/low

335.40/190.75

Align Technology Inc Market Cap

$16.46B

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ALGN Summary

The Align Technology Inc (ALGN) share price is expected to increase by 17.16% over the next year. This is based on calculating the average 12-month share price estimate provided by 11 stock analysts who have covered ALGN. Price targets range from $200 at the low end to $320 at the high end. The current analyst consensus for ALGN is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

ALGN Analyst Ratings

About 11 Wall Street analysts have assignedALGN 11 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Align Technology Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on ALGN. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

ALGN stock forecast by analyst

These are the latest 20 analyst ratings of ALGN.

Analyst/Firm

Rating

Price Target

Change

Date

David Saxon
Needham

Hold


Reiterates

Nov 4, 2024
Elizabeth Anderson
Evercore ISI Group

Outperform

$250

Maintains

Oct 24, 2024
Erin Wright
Morgan Stanley

Overweight

$280

Maintains

Oct 24, 2024
Jonathan Block
Stifel

Buy

$275

Maintains

Oct 24, 2024
David Saxon
Needham

Hold


Reiterates

Oct 24, 2024
Jason Bednar
Piper Sandler

Overweight

$275

Maintains

Oct 24, 2024
Jeff Johnson
Baird

Outperform

$276

Maintains

Oct 24, 2024
Jason Bednar
Piper Sandler

Overweight

$285

Maintains

Oct 17, 2024
Jonathan Block
Stifel

Buy

$285

Maintains

Oct 11, 2024
David Saxon
Needham

Hold


Initiates

Oct 10, 2024
Elizabeth Anderson
Evercore ISI Group

Outperform

$270

Maintains

Oct 8, 2024
Jason Bednar
Piper Sandler

Overweight

$315

Maintains

Sep 13, 2024
Erin Wright
Morgan Stanley

Overweight

$310

Maintains

Jul 25, 2024
Jason Bednar
Piper Sandler

Overweight

$315

Maintains

Jul 25, 2024
Jonathan Block
Stifel

Buy

$350

Maintains

Jul 25, 2024
Jeff Johnson
Baird

Outperform

$325

Maintains

Jul 22, 2024
Jason Bednar
Piper Sandler

Overweight

$330

Maintains

Jul 10, 2024
Jason Bednar
Piper Sandler

Overweight

$330

Maintains

Jun 21, 2024
Elizabeth Anderson
Evercore ISI Group

Outperform

$300

Maintains

Jun 10, 2024

OTR Global

Mixed


Downgrade

Jun 4, 2024

ALGN Company Information

What They Do: Develops clear aligners and intraoral scanners.

Business Model: The company generates revenue primarily through the sale of Invisalign clear aligners and iTero intraoral scanning systems. It offers a range of packages for different orthodontic needs, targeting both younger patients and various dental professionals. Additionally, it provides software solutions and services that enhance the functionality of its products, creating a diverse income stream.

Other Information: Align Technology operates in the orthodontic and dental market, serving clients in the United States and internationally. The company has a strong emphasis on innovation, offering advanced digital solutions that complement its physical products. Founded in 1997 and headquartered in Tempe, Arizona, Align Technology continues to grow its market presence through continuous product development and technological advancements.
ALGN
Align Technology Inc (ALGN)

When did it IPO

2001

Staff Count

21,805

Country

United States

Sector/Industry

Healthcare/Medical Instruments & Supplies

CEO

Mr. Joseph M. Hogan

Market Cap

$16.46B

Align Technology Inc (ALGN) Financial Data

In 2023, ALGN generated $3.86B in revenue, which was a increase of 3.42% from the previous year. This can be seen as a signal that ALGN's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$2.47B

Revenue From 2021

$3.95B

59.90 %
From Previous Year

Revenue From 2022

$3.73B

-5.51 %
From Previous Year

Revenue From 2023

$3.86B

3.42 %
From Previous Year
  • Revenue TTM $3.96B
  • Operating Margin TTM 16.6%
  • Gross profit TTM $2.71B
  • Return on assets TTM 6.7%
  • Return on equity TTM 11.4%
  • Profit Margin 11.1%
  • Book Value Per Share 52.76%
  • Market capitalisation $16.46B
  • Revenue for 2021 $3.95B
  • Revenue for 2022 $3.73B
  • Revenue for 2023 $3.86B
  • EPS this year (TTM) $5.87

Align Technology Inc (ALGN) Latest News

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Align Technology, Inc. (NASDAQ: ALGN) has launched its 2025 Annual Research Award Program, offering up to $300,000 for dental research initiatives, totaling $3.75 million funded historically.

Why It Matters - Align Technology's funding for dental research enhances its brand reputation and innovation pipeline, potentially leading to improved products and increased market share, positively impacting stock performance.

News Image

Fri, 01 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Align Technology, Inc. (Nasdaq: ALGN) will present at upcoming financial conferences, with live webcasts available via their Investor Relations section.

Why It Matters - Align Technology's participation in financial conferences highlights its commitment to transparency and investor engagement, potentially influencing investor sentiment and stock performance.

News Image

Thu, 31 Oct 2024

Sentiment - NEGATIVE

Source - Market Watch

Summary - Super Micro's stock fell 33% on Wednesday, leading to its addition to a specific list of companies affected by significant price drops.

Why It Matters - A 33% drop in Super Micro's stock signals potential volatility and may indicate underlying issues, affecting investor sentiment and market confidence.

News Image

Sun, 27 Oct 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - Align Technology's Q3 earnings showed EPS at $2.35, beating estimates, but revenue missed at $977.87M. The company expects 5.29%-7.53% revenue growth from Q4 2024 to Q4 2026.

Why It Matters - Align Technology's mixed Q3 earnings indicate strong EPS performance but revenue challenges. Growth in international markets and product enhancements signal resilience and potential long-term value.

News Image

Mon, 28 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Align Technology has launched Invisalign Smile Architect software, offering Multiple Treatment Plans for personalized orthodontic care.

Why It Matters - Align Technology's launch of Invisalign Smile Architect enhances competitive positioning and potential revenue growth through personalized treatment options, signaling innovation and market expansion.

News Image

Wed, 23 Oct 2024

Sentiment - NEGATIVE

Source - Reuters

Summary - Align Technology reported third-quarter revenue below Wall Street estimates due to lower demand for clear teeth aligners among younger patients.

Why It Matters - Align Technology's missed revenue estimates indicate weakening demand, suggesting potential challenges in growth and profitability, which may negatively impact stock performance and investor confidence.

...

ALGN Frequently asked questions

The highest forecasted price for ALGN is $320 from Jonathan Block at Stifel.

The lowest forecasted price for ALGN is $200 from Kevin Caliendo from UBS

The ALGN analyst ratings consensus are 11 buy ratings, 0 hold ratings, and 0 sell ratings.