Align Technology (ALGN) Projected to Post Quarterly Earnings on Wednesday

Align Technology (NASDAQ:ALGN) will likely be releasing its earnings data after the market closes on Wednesday, January 29th. Analysts expect Align Technology to post earnings of $2.45 per share and revenue of $999,370.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Align Technology Price Performance

ALGN stock opened at $233.30 on Monday. The company’s 50-day moving average is $223.06 and its 200-day moving average is $227.67. The stock has a market capitalization of $17.42 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 5.14 and a beta of 1.67. Align Technology has a 1 year low of $196.09 and a 1 year high of $335.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ALGN shares. Mizuho began coverage on Align Technology in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $295.00 price objective for the company. Robert W. Baird cut their target price on Align Technology from $325.00 to $276.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group decreased their price target on shares of Align Technology from $285.00 to $260.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America raised their price objective on shares of Align Technology from $200.00 to $206.00 and gave the company an “underperform” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus decreased their target price on shares of Align Technology from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $267.45.

Align Technology Company Profile

Align Technology, Inc designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, and internationally. The company's Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of younger patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of six and ten years, which is a mixture of primary/baby and permanent teeth.