
Align Technology (ALGN) Stock Forecast & Price Target
Align Technology (ALGN) Analyst Ratings
Bulls say
Align Technology demonstrates a strong market position with Invisalign controlling over 90% of the clear aligner market and treating over 2 million cases in 2022 alone. The company's third quarter results showed a year-over-year increase in new Invisalign case starts by 4.9%, alongside significant growth in teen case starts of 8.3%, indicating robust demand across key demographics. Additionally, Align’s intraoral scanners, which support a substantial portion of Invisalign cases, reported a 5.6% year-over-year increase in sales, emphasizing the company's ongoing innovation and broadened market reach.
Bears say
Align Technology's recent financial performance has exhibited significant challenges, with adjusted earnings per share (EPS) reported at $2.49, missing analyst expectations by nearly ten cents. The company's adjusted gross margin experienced a decline of 40 basis points year-over-year to 70.5%, while operating margin fell sharply to 21.3%, reflecting weak revenue generation that was unable to sustain profitability. Additionally, Align's management has decreased its growth forecasts for clear aligner volumes and revenues in light of a weaker macroeconomic environment, indicating further pressures on future financial performance.
This aggregate rating is based on analysts' research of Align Technology and is not a guaranteed prediction by Public.com or investment advice.
Align Technology (ALGN) Analyst Forecast & Price Prediction
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