On Oct 24, major Wall Street analysts update their ratings for $Align Technology (ALGN.US)$, with price targets ranging from $250 to $280.
Morgan Stanley analyst Erin Wright maintains with a buy rating, and adjusts the target price from $310 to $280.
Evercore analyst Elizabeth Anderson CFA maintains with a buy rating, and adjusts the target price from $270 to $250.
Needham analyst David Saxon maintains with a hold rating.
Stifel analyst Jonathan Block maintains with a buy rating, and adjusts the target price from $285 to $275.
Piper Sandler analyst Jason Bednar maintains with a buy rating, and adjusts the target price from $285 to $275.
Furthermore, according to the comprehensive report, the opinions of $Align Technology (ALGN.US)$'s main analysts recently are as follows:
Align Technology shares may experience a decline due to volumes that fell short of expectations, along with Q4 objectives that did not meet anticipated levels against a backdrop of persistent subdued demand. Nonetheless, with already modest expectations, the company is increasing its share repurchase efforts and forecasting margin enhancements by 2025, while focusing on areas within its influence.
The third quarter for Align Technology presented few unexpected results, yet revenue was slightly below the general consensus. It is anticipated that the Street will adjust its 2025 revenue forecasts post-report. Despite the stock's weak performance leading up to the release, given its current valuation at around 20 times the projected 2025 earnings, further declines may be constrained.
The firm observed that Align Technology's third-quarter revenue and case shipments fell short of both Street expectations and company guidance. Furthermore, the company's forecast for the fourth quarter was less than anticipated. These developments are not seen as positive and are likely to have a negative impact on the stock's performance.
Here are the latest investment ratings and price targets for $Align Technology (ALGN.US)$ from 5 analysts:
Note:
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