Baird analyst Jeff Johnson maintains $Align Technology (ALGN.US)$ with a buy rating, and adjusts the target price from $325 to $276.
According to TipRanks data, the analyst has a success rate of 53.1% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Align Technology (ALGN.US)$'s main analysts recently are as follows:
Align Technology's shares may face challenges due to unimpressive volume and fourth-quarter outcomes that did not meet initial expectations in a persistently weak demand environment. Nevertheless, the company's proactive measures include intensifying its buyback program and aiming for margin enhancement by 2025, while focusing on improving areas within its influence.
The Q3 update for Align Technology provided few surprises, though revenue was slightly below the consensus. It's anticipated that the revenue forecasts for 2025 will be adjusted downward after this report. Despite this, with the stock having weakened prior to the release, and currently trading at around 20 times the anticipated 2025 earnings, further declines in stock value may be minimal.
The recent quarter's revenue and case shipments for Align Technology fell short of both street expectations and guidance, with management's forecasts for the next quarter also not meeting expectations. This development is seen as a negative indicator that could potentially drive the company's shares downward.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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