Align Technology - ALGN Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last year. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALGN shares.
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8 analysts have issued twelve-month price targets for Align Technology's stock. Their ALGN share price forecasts range from $165.00 to $418.00. On average, they predict the company's stock price to reach $298.00 in the next year. This suggests a possible upside of 50.2% from the stock's current price.
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Align Technology's stock was trading at $657.18 at the beginning of the year. Since then, ALGN shares have decreased by 69.8% and is now trading at $198.41.
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Align Technology saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 2,520,000 shares, a decline of 9.0% from the October 31st total of 2,770,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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Align Technology, Inc. (NASDAQ:ALGN) posted its quarterly earnings results on Wednesday, October, 26th. The medical equipment provider reported $0.98 EPS for the quarter, missing the consensus estimate of $1.93 by $0.95. The medical equipment provider earned $890.35 million during the quarter, compared to the consensus estimate of $973 million. Align Technology had a trailing twelve-month return on equity of 14.39% and a net margin of 13.22%. The business's revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.28 earnings per share.
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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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.51%), Edgewood Management LLC (4.96%), State Street Corp (3.86%), Sands Capital Management LLC (2.96%), Polen Capital Management LLC (2.55%) and Price T Rowe Associates Inc. MD (2.37%). 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 Lacob, Joseph M Hogan, Julie Ann Coletti, Julie Tay, Kevin C Burns, Robert E Fitzgerald, Simon Beard, Stuart A Hockridge, Stuart A Hockridge, Susan E Siegel, Thomas M Prescott, Vamsi Mohan Raj Pudipeddi, 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 $198.41.

Align Technology (NASDAQ:ALGN) has a market capitalization of $15.50 billion and generates $3.95 billion in revenue each year. The medical equipment provider earns $772.02 million in net income (profit) each year or $6.47 on an earnings per share basis.

The company employs 22,540 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 (408) 470-1000, via email at align@ethoscommunication.com, or via fax at 408-470-1010.