Align Technology (ALGN) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALGN shares.
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9 equities research analysts have issued 1 year target prices for Align Technology's shares. Their ALGN share price forecasts range from $225.00 to $450.00. On average, they predict the company's share price to reach $380.33 in the next year. This suggests a possible upside of 27.9% from the stock's current price.
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Align Technology's stock was trading at $210.90 at the start of the year. Since then, ALGN shares have increased by 41.0% and is now trading at $297.34.
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Align Technology saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,080,000 shares, a decline of 8.4% from the August 15th total of 2,270,000 shares. Based on an average daily volume of 708,600 shares, the short-interest ratio is presently 2.9 days. Approximately 2.9% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
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Align Technology, Inc. (NASDAQ:ALGN) issued its earnings results on Wednesday, July, 26th. The medical equipment provider reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.09. The medical equipment provider had revenue of $1 billion for the quarter, compared to the consensus estimate of $985.87 million. Align Technology had a trailing twelve-month return on equity of 11.42% and a net margin of 8.40%.

ETFs with the largest weight of Align Technology (NASDAQ:ALGN) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Guru Favorite Stocks ETF (GFGF), Upholdings Compound Kings ETF (KNGS), BNY Mellon Innovators ETF (BKIV), BlackRock Future Health ETF (BMED), AI Quality Growth ETF (AQGX), First Trust Indxx Medical Devices ETF (MDEV) and Hartford Large Cap Growth ETF (HFGO).

Align Technology updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.97 billion-$3.99 billion, compared to the consensus revenue estimate of $3.94 billion.

346 employees have rated Align Technology Chief Executive Officer Joe Hogan on Glassdoor.com. Joe Hogan has an approval rating of 97% among the company's employees. This puts Joe Hogan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Align Technology investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), PayPal (PYPL), Micron Technology (MU), Adobe (ADBE), Visa (V), Salesforce (CRM), Mastercard (MA) and Tesla (TSLA).

Align Technology trades on the NASDAQ under the ticker symbol "ALGN."

Align Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.31%), Bank Julius Baer & Co. Ltd Zurich (5.88%), State Street Corp (3.99%), Capital World Investors (2.76%), Sands Capital Management LLC (2.69%) and Geode Capital Management LLC (2.08%). Insiders that own company stock include Andrea Lynn Saia, C Raymond Larkin Jr, C Raymond Larkin, Jr, Emory Wright, George J Morrow, John Morici, Joseph M Hogan, Julie Ann Coletti, Kevin C Burns, Kevin J Dallas, Robert E Fitzgerald, Stuart A Hockridge, Thomas M Prescott, Warren S Thaler, Yuval Shaked and Zelko Relic.
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Shares of ALGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALGN stock can currently be purchased for approximately $297.34.

Align Technology (NASDAQ:ALGN) has a market capitalization of $22.76 billion and generates $3.73 billion in revenue each year. The medical equipment provider earns $361.57 million in net income (profit) each year or $4.07 on an earnings per share basis.

The company employs 23,165 workers across the globe.

Align Technology's mailing address is 2820 ORCHARD PARKWAY, SAN JOSE CA, 95134. The official website for the company is www.aligntech.com. The medical equipment provider can be reached via phone at (602) 742-2000, via email at align@ethoscommunication.com, or via fax at 408-470-1010.