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.

A number of analysts gave price targets for ALGN. The most optimistic price target was 200, which equates to a potential upside of 26.18 percent. The most pessimistic analyst gave a price target of 138, which equates to a potential downside of -12.94 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 2.1 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.15 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 9.2 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.

The growth rate of ALGN's earnings is estimated by analysts to be 21.48 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of ALGN is 2.74.

In the trailing 52-weeks, ALGN hit 161.81 at the highest peak, while it's lowest trading point was 83.27. Currently the stock is 90.36 percent higher than its low, and below the high by 2.04 percent. 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's next earnings release will be on 0000-00-00, which is days away.