Analyst Ratings for Align Technology Inc. (ALGN)

Updated: 2017-07-26

Align Technology Inc. (NASDAQ:ALGN) was awarded an average rating of Buy from investment analysts following the stock. Last month, ALGN received an average rating of Buy.

Of the 14 analysts covering the stock, 11 gave it a buy rating, 2 issued an overweight rating, 1 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Several price targets were given for ALGN by the analysts covering the stock. The highest price target was 200, implying a possible profit of 26.18 percent. The most pessimistic analyst gave a price target of 138, implying a possible loss of -12.94 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 2.1 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.15 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 9.2 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of ALGN to grow at a rate of 21.48 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. ALGN has a PEG ratio of 2.74.

ALGN has traded between a high of 161.81 and a low of 83.27 over the past year. The current market price is above the trailing year's low by 90.36 percent, and 2.04 percent lower than its 52-week high. ALGN has a P/E ratio of 58.88. Investors typically compare the P/E ratio to a company's peers in the industry. The ALGN value stock report compares ALGN to some of its peers using value stock charts. The market cap of ALGN is $12.74 billion. ALGN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.