Align Technology (ALGN) Stock Forecast & Price Target

$250.85

-6.32 (-2.46%)

(As of 12:24 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

Hold
Based on 9 Analyst Ratings

Based on 9 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 9 analysts, 1 has given a sell rating, 3 have given a hold rating, and 5 have given a buy rating for ALGN.

Consensus Price Target

$306.88
22.33% Upside

High Forecast	$350.00
Average Forecast	$306.88
Low Forecast	$225.00

According to the 9 analysts' twelve-month price targets for Align Technology, the average price target is $306.88. The highest price target for ALGN is $350.00, while the lowest price target for ALGN is $225.00. The average price target represents a forecasted upside of 22.33% from the current price of $250.85.

Type	Current Forecast 9/21/23 to 9/20/24	1 Month Ago 8/22/23 to 8/21/24	3 Months Ago 6/23/23 to 6/22/24	1 Year Ago 9/21/22 to 9/21/23
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy
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)	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$306.88	$322.78	$346.50	$380.33
Forecasted Upside	22.33% Upside	16.38% Upside	15.34% Upside	12.03% Upside

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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.

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.

Align Technology Stock vs. The Competition

Type	Align Technology	Medical Companies	S&P 500
Consensus Rating Score	2.44	2.77	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	19.33% Upside	991.62% Upside	6.73% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/13/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$315.00 ➝ $315.00	+30.85%
7/25/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$328.00 ➝ $310.00	+34.78%
7/25/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Buy ➝ Buy	$400.00 ➝ $350.00	+42.97%
7/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$370.00 ➝ $325.00	+29.17%
6/10/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$370.00 ➝ $300.00	+17.40%
6/4/2024	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Mixed
Get the Latest News and Ratings for ALGN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Align Technology and its competitors with MarketBeat's FREE daily newsletter.
4/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$280.00 ➝ $320.00	+2.31%
2/26/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cherny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
2/26/2024	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$310.00	-2.17%
2/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$197.00 ➝ $225.00	-17.34%
8/30/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$450.00	+22.41%
7/27/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$367.00 ➝ $400.00	+17.70%
4/27/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$190.00 ➝ $225.00	-30.45%
3/23/2023	CICC Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 12:45 PM ET.

ALGN Forecast - Frequently Asked Questions

What is Align Technology's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Align Technology is $306.88, with a high forecast of $350.00 and a low forecast of $225.00.
Should I buy or sell Align Technology stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last year. There is currently 1 sell rating, 3 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.
Does Align Technology's stock price have much upside?: According to analysts, Align Technology's stock has a predicted upside of 15.56% based on their 12-month stock forecasts.
What analysts cover Align Technology?: Align Technology has been rated by research analysts at Morgan Stanley, Piper Sandler, Robert W. Baird, and Stifel Nicolaus in the past 90 days.
Do Wall Street analysts like Align Technology more than its competitors?: 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.