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Align Technology (ALGN) Stock Forecast & Price Target

Align Technology logo
$221.57 -1.01 (-0.45%)
(As of 12:20 PM ET)

Align Technology - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
4
Buy
5

Based on 10 Wall Street analysts who have issued ratings for Align Technology in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 4 have given a hold rating, and 5 have given a buy rating for ALGN.

Consensus Price Target

$276.38
24.73% Upside
According to the 10 analysts' twelve-month price targets for Align Technology, the average price target is $276.38. The highest price target for ALGN is $320.00, while the lowest price target for ALGN is $225.00. The average price target represents a forecasted upside of 24.73% from the current price of $221.57.

ALGN Analyst Ratings Over Time

TypeCurrent Forecast
11/21/23 to 11/20/24
1 Month Ago
10/22/23 to 10/21/24
3 Months Ago
8/23/23 to 8/22/24
1 Year Ago
11/21/22 to 11/21/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
7 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$276.38$291.25$322.78$336.60
Forecasted Upside24.73% Upside34.49% Upside41.14% Upside56.34% Upside
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy

ALGN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ALGN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Align Technology Stock vs. The Competition

TypeAlign TechnologyMedical CompaniesS&P 500
Consensus Rating Score
2.40
2.80
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside25.31% Upside26,877.41% Upside10.26% Upside
News Sentiment Rating
Positive News

See Recent ALGN News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/4/2024Needham & Company LLC
2 of 5 stars
D. Saxon
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Reiterated RatingHold
10/24/2024Morgan Stanley
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$310.00 ➝ $280.00+25.85%
10/24/2024Stifel Nicolaus
4 of 5 stars
 Lower TargetBuy ➝ Buy$285.00 ➝ $275.00+23.61%
10/24/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$270.00 ➝ $250.00+12.38%
10/24/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$285.00 ➝ $275.00+24.36%
10/24/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$325.00 ➝ $276.00+32.91%
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6/4/2024OTR Global
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 Reiterated RatingPositive ➝ Mixed
4/15/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$280.00 ➝ $320.00+2.31%
2/26/2024Leerink Partnrs
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M. Cherny
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Reiterated RatingMarket Perform
2/26/2024Leerink Partners
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 Initiated CoverageMarket Perform$310.00-2.17%
2/2/2024The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$197.00 ➝ $225.00-17.34%
8/30/2023HSBC
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 Initiated CoverageBuy$450.00+22.41%
7/27/2023Jefferies Financial Group
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 Boost Target$367.00 ➝ $400.00+17.70%
4/27/2023VNET Group
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 Reiterated RatingMaintains
4/27/2023Bank of America
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 Boost Target$190.00 ➝ $225.00-30.45%
3/23/2023CICC Research
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 Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:42 PM ET.


ALGN Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Align Technology is $276.38, with a high forecast of $320.00 and a low forecast of $225.00.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last year. There is currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ALGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALGN, but not buy additional shares or sell existing shares.

According to analysts, Align Technology's stock has a predicted upside of 24.73% based on their 12-month stock forecasts.

Align Technology has been rated by research analysts at Evercore ISI, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, and Stifel Nicolaus in the past 90 days.

Analysts like Align Technology less than other "medical" companies. The consensus rating for Align Technology is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how ALGN compares to other companies.


This page (NASDAQ:ALGN) was last updated on 11/20/2024 by MarketBeat.com Staff
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