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NASDAQ:ALGN

Align Technology - ALGN Stock Forecast, Price & News

$274.05
-7.61 (-2.70%)
(As of 08/19/2022 10:03 AM ET)
Add
Compare
Today's Range
$273.43
$279.00
50-Day Range
$229.82
$293.89
52-Week Range
$225.86
$737.45
Volume
3,296 shs
Average Volume
941,536 shs
Market Capitalization
$21.41 billion
P/E Ratio
35.04
Dividend Yield
N/A
Price Target
$361.67

Align Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
28.4% Upside
$361.67 Price Target
Short Interest
Healthy
3.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.34
Upright™ Environmental Score
News Sentiment
0.68mentions of Align Technology in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.03%
From $7.80 to $9.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.19 out of 5 stars

Medical Sector

5th out of 1,119 stocks

Surgical Appliances & Supplies Industry

1st out of 23 stocks

ALGN stock logo

About Align Technology (NASDAQ:ALGN) Stock

Align Technology, Inc., a medical device company, designs, manufactures, and markets Invisalign clear aligners and iTero intraoral scanners and services for orthodontists and general practitioner dentists, and restorative and aesthetic dentistry. It operates in two segments, Clear Aligner; and Scanners and Services. The Clear Aligner segment consists of comprehensive products, including Invisalign comprehensive treatment that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go; and non-case products include retention products, Invisalign training fees, and sales of ancillary products, such as cleaning material, and adjusting tools used by dental professionals during the course of treatment. The Scanners and Services segment offers iTero scanner, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides computer-aided design and computer-aided manufacturing services; ancillary products, such as disposable sleeves for the wand; iTero model and dies; third party scanners and digital scans; Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan. The company sells its products in the United States, Switzerland, China, and internationally. Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group dropped their price target on Align Technology from $380.00 to $370.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Evercore ISI reduced their price target on shares of Align Technology from $310.00 to $285.00 in a report on Thursday, July 28th. TheStreet downgraded shares of Align Technology from a "b-" rating to a "c+" rating in a report on Monday, April 25th. Credit Suisse Group reduced their target price on Align Technology from $722.00 to $418.00 in a report on Wednesday, May 4th. Finally, Piper Sandler cut their price target on Align Technology from $440.00 to $370.00 and set an "overweight" rating for the company in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $361.67.

Align Technology Trading Up 1.4 %

NASDAQ:ALGN traded up $4.00 during midday trading on Thursday, hitting $281.66. 554,053 shares of the company traded hands, compared to its average volume of 987,600. The firm has a market capitalization of $22.00 billion, a P/E ratio of 35.51, a P/E/G ratio of 8.58 and a beta of 1.78. The firm's fifty day moving average is $261.15 and its 200-day moving average is $349.59. Align Technology has a 12-month low of $225.86 and a 12-month high of $737.45.

Align Technology (NASDAQ:ALGN - Get Rating) last released its earnings results on Wednesday, July 27th. The medical equipment provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.23). The firm had revenue of $969.60 million during the quarter, compared to the consensus estimate of $986.05 million. Align Technology had a return on equity of 17.47% and a net margin of 15.52%. Align Technology's revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 EPS. On average, research analysts expect that Align Technology will post 7.8 EPS for the current fiscal year.

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ALGN Stock News Headlines

Align Technology (NASDAQ:ALGN) PT Lowered to $370.00
Align Technology, Inc.
Align Technology Inc - Stock News
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ALGN Company Calendar

Last Earnings
7/27/2022
Today
8/19/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Surgical appliances & supplies
Sub-Industry
Health Care Supplies
Sector
Medical
Current Symbol
NASDAQ:ALGN
CUSIP
01625510
Employees
22,540
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$361.67
High Stock Price Forecast
$418.00
Low Stock Price Forecast
$250.00
Forecasted Upside/Downside
+32.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$772.02 million
Pretax Margin
21.13%

Debt

Sales & Book Value

Annual Sales
$3.95 billion
Cash Flow
$11.02 per share
Book Value
$46.08 per share

Miscellaneous

Free Float
77,608,000
Market Cap
$21.41 billion
Optionable
Optionable
Beta
1.78

Social Links


Key Executives

  • Mr. Joseph M. HoganMr. Joseph M. Hogan (Age 65)
    Pres, CEO & Director
  • Mr. John F. MoriciMr. John F. Morici (Age 55)
    CFO & Exec. VP of Global Fin.
  • Mr. Emory M. WrightMr. Emory M. Wright (Age 52)
    Exec. VP of Global Operations
    Comp: $1.35M
  • Ms. Julie Ann ColettiMs. Julie Ann Coletti (Age 53)
    Exec. VP and Chief Legal & Regulatory Officer
    Comp: $1.37M
  • Mr. Stuart HockridgeMr. Stuart Hockridge (Age 50)
    Exec. VP of Global HR
    Comp: $1.3M
  • Mr. Zelko RelicMr. Zelko Relic (Age 57)
    Exec. VP & CTO
  • Ms. Shirley Stacy
    VP of Corp. Communications & Investor Relations
  • Mr. Vamsi Mohan-Raj Pudipeddi (Age 50)
    Exec. VP, Chief Product & Marketing Officer and MD of Asia Pacific
  • Mr. Simon BeardMr. Simon Beard (Age 55)
    MD for Americas Region & Exec. VP
  • Ms. Jennifer Olson-Wilk (Age 44)
    Exec. VP of Customer Success













ALGN Stock - Frequently Asked Questions

Should I buy or sell Align Technology stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last year. There are currently 1 sell rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALGN shares.
View ALGN analyst ratings
or view top-rated stocks.

What is Align Technology's stock price forecast for 2022?

9 Wall Street research analysts have issued 1 year target prices for Align Technology's stock. Their ALGN share price forecasts range from $250.00 to $418.00. On average, they expect the company's stock price to reach $361.67 in the next twelve months. This suggests a possible upside of 28.4% from the stock's current price.
View analysts price targets for ALGN
or view top-rated stocks among Wall Street analysts.

How have ALGN shares performed in 2022?

Align Technology's stock was trading at $657.18 at the beginning of the year. Since then, ALGN stock has decreased by 57.1% and is now trading at $281.66.
View the best growth stocks for 2022 here
.

When is Align Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ALGN earnings forecast
.

How were Align Technology's earnings last quarter?

Align Technology, Inc. (NASDAQ:ALGN) posted its quarterly earnings data on Wednesday, July, 27th. The medical equipment provider reported $2.00 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by $0.23. The medical equipment provider had revenue of $969.60 million for the quarter, compared to the consensus estimate of $986.05 million. Align Technology had a trailing twelve-month return on equity of 17.47% and a net margin of 15.52%. The business's quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm posted $2.51 EPS.
Read the conference call transcript
.

What is Joe Hogan's approval rating as Align Technology's CEO?

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.

What other stocks do shareholders of Align Technology own?

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).

What is Align Technology's stock symbol?

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

Who are Align Technology's major shareholders?

Align Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.86%), Price T Rowe Associates Inc. MD (3.36%), Sands Capital Management LLC (3.20%), Northern Trust Corp (1.04%), Brown Advisory Inc. (1.01%) and Bares Capital Management Inc. (0.88%). 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.
View institutional ownership trends
.

How do I buy shares of Align Technology?

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.
Compare Top Brokerages Here.

What is Align Technology's stock price today?

One share of ALGN stock can currently be purchased for approximately $281.66.

How much money does Align Technology make?

Align Technology (NASDAQ:ALGN) has a market capitalization of $22.00 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 $7.82 on an earnings per share basis.

How many employees does Align Technology have?

The company employs 22,540 workers across the globe.

Does Align Technology have any subsidiaries?
The following companies are subsidiares of Align Technology: Align Technology Switzerland GmbH, Cadent, G.L. Dental Couture, and exocad Global Holdings GmbH (“exocad”).
Read More
When was Align Technology founded?

Align Technology was founded in 1997.

How can I contact Align Technology?

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.

This page (NASDAQ:ALGN) was last updated on 8/19/2022 by MarketBeat.com Staff

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