Align Technology (ALGN) Stock Forecast & Price Target

$222.18 -2.67 (-1.19%)

(As of 11/7/2024 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 10 Analyst Ratings

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
24.39% 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 24.39% from the current price of $222.18.

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ALGN Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
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)	3 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	$303.13	$322.78	$336.60
Forecasted Upside	24.39% Upside	29.51% Upside	50.19% Upside	73.85% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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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	2.40	2.79	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	24.39% Upside	9,971.92% Upside	7.19% Upside
News Sentiment Rating	Positive News See Recent ALGN 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
11/4/2024	Needham & Company LLC 2 of 5 stars	D. Saxon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold
10/24/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$310.00 ➝ $280.00	+25.85%
10/24/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Buy ➝ Buy	$285.00 ➝ $275.00	+23.61%
10/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$270.00 ➝ $250.00	+12.38%
10/24/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$285.00 ➝ $275.00	+24.36%
10/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$325.00 ➝ $276.00	+32.91%
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6/4/2024	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Mixed
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 Thursday at 08:26 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 research 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 research 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 24.39% 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.

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This page (NASDAQ:ALGN) was last updated on 11/7/2024 by MarketBeat.com Staff

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Align Technology (ALGN) Stock Forecast & Price Target