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.

Many analysts weighed in on price targets for ALGN. The highest price target was 200, implying a possible profit 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.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

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.

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. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ALGN is 2.74.

In the last 52-weeks, ALGN has achieved a high of 161.81 and a low of 83.27. 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 price/earnings 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 stock has a market capitalization of $12.74 billion. ALGN will post this quarters earnings in days, on 0000-00-00.