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NASDAQ:ALGN

Align Technology - ALGN Stock Forecast, Price & News

$287.81
+14.17 (+5.18%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$279.44
$287.90
50-Day Range
$229.82
$293.89
52-Week Range
$225.86
$737.45
Volume
716,124 shs
Average Volume
999,309 shs
Market Capitalization
$22.48 billion
P/E Ratio
36.80
Dividend Yield
N/A
Price Target
$361.67

Align Technology MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
25.7% 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
0.32mentions of Align Technology in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$264,420 Bought Last Quarter
Proj. Earnings Growth
26.13%
From $8.15 to $10.28 Per Share

Overall MarketRank

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

3.33 out of 5 stars

Medical Sector

15th out of 1,108 stocks

Surgical Appliances & Supplies Industry

2nd out of 22 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Align Technology from $440.00 to $370.00 and set an "overweight" rating for the company in a research report on Friday, July 22nd. Stifel Nicolaus decreased their price objective on shares of Align Technology from $425.00 to $375.00 and set a "buy" rating for the company in a report on Thursday, July 14th. Morgan Stanley reduced their price objective on Align Technology from $438.00 to $402.00 and set an "overweight" rating on the stock in a research note on Thursday, July 28th. Evercore ISI dropped their price target on Align Technology from $310.00 to $285.00 in a research report on Thursday, July 28th. Finally, Credit Suisse Group reduced their target price on shares of Align Technology from $722.00 to $418.00 in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $361.67.

Align Technology Stock Up 5.2 %

Shares of ALGN traded up $14.17 during midday trading on Wednesday, reaching $287.81. 716,124 shares of the stock were exchanged, compared to its average volume of 999,309. The company has a market cap of $22.48 billion, a price-to-earnings ratio of 34.99, a P/E/G ratio of 8.35 and a beta of 1.78. Align Technology has a 12-month low of $225.86 and a 12-month high of $737.45. The firm has a 50 day simple moving average of $259.60 and a 200-day simple moving average of $356.25.

Align Technology (NASDAQ:ALGN - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The medical equipment provider reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.23). The business had revenue of $969.60 million for the quarter, compared to the consensus estimate of $986.05 million. Align Technology had a net margin of 15.52% and a return on equity of 17.47%. Align Technology's revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.51 EPS. Research analysts expect that Align Technology will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director C Raymond Larkin, Jr. bought 1,000 shares of the business's stock in a transaction on Friday, May 13th. The shares were bought at an average cost of $264.42 per share, for a total transaction of $264,420.00. Following the completion of the acquisition, the director now directly owns 18,190 shares in the company, valued at $4,809,799.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.64% of the stock is currently owned by corporate insiders.

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ALGN Stock News Headlines

Align Technology (NASDAQ:ALGN) PT Lowered to $370.00
Align Technology (NASDAQ:ALGN) Price Target Cut to $438.00
Align Technology (NASDAQ:ALGN) Price Target Cut to $380.00
Align Technology, Inc.
Align Technology Inc - Stock News
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ALGN Company Calendar

Last Earnings
7/27/2022
Today
8/10/2022
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
+25.7%
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
$10.94 per share
Book Value
$45.94 per share

Miscellaneous

Free Float
77,608,000
Market Cap
$22.48 billion
Optionable
Optionable
Beta
1.78

Social Links















ALGN Stock - Frequently Asked Questions

Should I buy or sell Align Technology stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last twelve months. There are currently 1 sell rating and 8 buy ratings for the stock. The consensus among Wall Street research 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 brokers have issued 12-month price targets for Align Technology's stock. Their ALGN share price forecasts range from $250.00 to $418.00. On average, they expect the company's share price to reach $361.67 in the next year. This suggests a possible upside of 27.0% 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 2022. Since then, ALGN stock has decreased by 56.7% and is now trading at $284.83.
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) issued 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 medical equipment provider earned $969.60 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company 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 variety of institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (1.01%), Keybank National Association OH (0.54%), Swiss National Bank (0.42%), Victory Capital Management Inc. (0.40%), TCW Group Inc. (0.37%) and Baird Financial Group Inc. (0.29%). 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 $284.83.

How much money does Align Technology make?

Align Technology (NASDAQ:ALGN) has a market capitalization of $22.25 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 8/10/2022 by MarketBeat.com Staff

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