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 maximum price target given was 200, which equates to a potential upside of 26.18 percent. The most pessimistic price target was 138, implying potential capital losses of -12.94 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. That number becomes 2.1 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.

ALGN has an estimated earnings growth rate of 21.48 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers 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. Currently the stock is 90.36 percent higher than its low, 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 will post this quarters earnings in days, on 0000-00-00.