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 "buy" ALGN shares.
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9 equities research analysts have issued 12-month price targets for Align Technology's stock. Their ALGN share price forecasts range from $307.00 to $418.00. On average, they expect the company's share price to reach $358.78 in the next year. This suggests a possible upside of 17.3% 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 45.1% and is now trading at $305.95.
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Align Technology saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,670,000 shares, an increase of 9.9% from the February 28th total of 2,430,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 2.5 days. Approximately 3.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Align Technology, Inc. (NASDAQ:ALGN) released its earnings results on Tuesday, October, 26th. The medical equipment provider reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates of $2.60 by $0.27. The medical equipment provider earned $1.02 billion during the quarter, compared to the consensus estimate of $977.81 million. Align Technology had a trailing twelve-month return on equity of 11.90% and a net margin of 9.68%. The company's revenue for the quarter was up 38.4% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share.
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ETFs with the largest weight of Align Technology (NASDAQ:ALGN) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), UPHOLDINGS Compound Kings ETF (KNGS), Invesco S&P 500 Equal Weight Health Care ETF (RYH), First Trust Indxx Medical Devices ETF (MDEV), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT), AI Quality Growth ETF (AQGX), ROBO Global Healthcare Technology and Innovation ETF (HTEC) and 3D Printing ETF (PRNT).

Align Technology updated its first quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $901.51 million-$901.51 million, compared to the consensus revenue estimate of $889.51 million.

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 variety of retail and institutional investors. Top institutional investors include Edgewood Management LLC (4.36%), Sands Capital Management LLC (3.41%), Polen Capital Management LLC (2.14%), Price T Rowe Associates Inc. MD (2.09%), Geode Capital Management LLC (1.98%) and Brown Advisory Inc. (1.47%). 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, 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 $305.95.

Align Technology (NASDAQ:ALGN) has a market capitalization of $23.44 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 $4.61 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.