Align Technology, Inc. (ALGN) Stock Forecast & Predictions

Align Technology, Inc. ALGN: $614.76

2820 Orchard Pkwy, San Jose, California, US. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: http://www.aligntech.com/

  • Market Cap$48.75B
  • Change (52 Weeks)224.20%
  • Low (52 Weeks)$186.65
  • Align Technology, Inc. (ALGN) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Align Technology, Inc. (ALGN) stock price is $614.76 and the 52 weeks low is $186.65, which means the Align Technology, Inc. stock price is up 224.20% in the last 12 months.

    Align Technology, Inc. (ALGN) Stock Price has been Trending Strongly with an ADX reading of 43.97 as per the Weekly Chart.

    A Upward trend indicates that Align Technology, Inc. (ALGN) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that ALGN Stock price might rise further, 31.25% indicating that ALGN Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall ALGN stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Align Technology, Inc. (ALGN) Stock Forecast By Analysts


    Moderate Buy
    Analysts Recommendations for Align Technology, Inc. (ALGN) is based on 23 Institutional Analyst Ratings where 30.43% are on Strong Buy, 34.78% on Moderate Buy, 30.43% remains on Hold, 0.00% are on Moderate Sell and 4.35% are on Strong Sell.

    Out of 23 Institutional Analysts, majority recommended ALGN stock as Moderate Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Align Technology, Inc..

    Align Technology, Inc. (ALGN) Stock Price Prediction By Analysts


    HighLowAverage
    $735.00$404.00$622.93
    $622.931.33% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for ALGN set by the institutional analysts is $622.93 where High Estimate is $735.00, Median $652.8 and Low $404.00.

    The average price target for ALGN by Institutional Analysts is $622.93, which is 1.33% Upside from the current price. So according to the Institutional Analysts, ALGN Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Align Technology, Inc. (ALGN) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with ALGN stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about ALGN and holding their positions hoping for a further rise in the stock price and more profit.

    Align Technology, Inc. (ALGN) Stock Forecast Based on News Sentiment


    Bullish
    Based on 25 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about ALGN, it shows that Align Technology, Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that ALGN stock price may surge in the next few weeks.

    Align Technology, Inc. (ALGN) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BerenbergBuyUpgraded
    SVB LeerinkOutperformMaintained
    SVB LeerinkOutperformMaintained
    Piper SandlerOverweightMaintained
    Evercore ISI GroupOutperformMaintained
    Credit SuisseOutperformMaintained
    BarclaysEqual-WeightMaintained
    Piper SandlerOverweightMaintained
    Evercore ISI GroupOutperformUpgraded
    SVB LeerinkOutperformMaintained
    Credit SuisseOutperformMaintained
    StifelBuyMaintained
    SVB LeerinkOutperformMaintained
    Piper SandlerOverweightMaintained
    JefferiesBuyMaintained
    Credit SuisseOutperformMaintained
    BerenbergHoldDowngraded
    SVB LeerinkOutperformMaintained
    Piper SandlerOverweightMaintained
    BarclaysEqual-WeightDowngraded
    B of A SecuritiesUnderperformDowngraded
    SVB LeerinkOutperformMaintained
    UBSNeutralMaintained
    Credit SuisseOutperformMaintained
    Stephens & Co.Equal-WeightMaintained
    StifelBuyMaintained
    UBSNeutralMaintained
    UBSNeutralMaintained
    StifelBuyMaintained
    BarclaysOverweightMaintained
    BairdOutperformMaintained
    Evercore ISI GroupIn-LineDowngraded
    BarclaysOverweightMaintained
    GuggenheimBuyInitiated
    BairdOutperformMaintained
    UBSNeutralDowngraded
    UBSBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    BairdOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Stifel NicolausBuyMaintained
    Credit SuisseOutperformMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    PiperJaffrayOverweightMaintained
    Leerink SwannOutperformMaintained
    Stifel NicolausBuyMaintained
    BarclaysOverweightMaintained
    Evercore ISI GroupOutperformInitiated
    Stifel NicolausBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    BarclaysOverweightMaintained
    BerenbergBuyInitiated
    Morgan StanleyEqual-WeightDowngraded
    BarclaysOverweightInitiated
    Leerink SwannOutperformMaintained
    Credit SuisseOutperformMaintained
    Stifel NicolausBuyMaintained
    Stephens & Co.Equal-WeightDowngraded
    Deutsche BankHoldInitiated
    Stifel NicolausBuyMaintained
    Credit SuisseOutperformMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightMaintained
    Leerink SwannOutperformMaintained
    Bank of AmericaBuyUpgraded
    Morgan StanleyOverweightMaintained
    BairdOutperformUpgraded
    Stifel NicolausBuyMaintained
    BairdNeutralDowngraded
    Stifel NicolausBuyMaintained
    Credit SuisseOutperformInitiated
    Roth CapitalBuyMaintained
    PiperJaffrayOverweightInitiated
    JefferiesBuyMaintained
    Stifel NicolausBuyMaintained
    Morgan StanleyOverweightUpgraded
    JMP SecuritiesMarket PerformDowngraded
    JefferiesBuyMaintained
    BairdOutperformUpgraded
    Goldman SachsBuyUpgraded
    Credit SuisseOutperformUpgraded
    JefferiesHoldMaintained
    Credit SuisseNeutralMaintained
    Barrington ResearchOutperformUpgraded
    Stifel NicolausBuyMaintained
    Cantor FitzgeraldBuyUpgraded
    BairdNeutralDowngraded
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    BairdOutperformInitiated
    Stifel NicolausBuyMaintained
    JefferiesHoldDowngraded
    Barrington ResearchMarket PerformDowngraded
    Stifel NicolausBuyMaintained
    Stephens & Co.OverweightUpgraded
    JefferiesBuyMaintained
    Janney CapitalBuyInitiated
    Morgan StanleyEqual-WeightUpgraded
    Goldman SachsNeutralInitiated
    Cantor FitzgeraldHoldMaintained
    Stifel NicolausBuyInitiated
    JefferiesBuyMaintained
    Cantor FitzgeraldHoldMaintained
    JefferiesBuyMaintained
    Cantor FitzgeraldBuyInitiated
    Barrington ResearchOutperformMaintained
    JefferiesBuyMaintained
    Morgan StanleyUnderweightMaintained

    Align Technology, Inc. (ALGN) Stock Earning Per Share (EPS) Forecast / Estimate


    $2.213
    The average consensus EPS for ALGN is $2.213 with a high estimate of $2.594 and Low of $1.784 for the period 2021-06-30 and based on 16 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.25$0.68012582020-09-30


    The latest average Earning Per Share Estimate for Align Technology, Inc. is $2.21, which is lower than ALGN's last EPS, $2.25. This means that Analysts are expecting Align Technology, Inc. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Align Technology, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $2.25$0.68012582020-09-30
    $-0.35$-0.04932722020-06-30
    $0.73$1.021532020-03-31
    $1.53$1.42423622019-12-31
    $1.28$1.158722019-09-30
    $1.33$1.54271942019-06-30
    $1.18$0.85162862019-03-31
    $1.2$1.17633540000000012018-12-31
    $1.24$1.2160442018-09-30
    $1.3$1.10938260000000022018-06-30
    $1.17$0.99520382018-03-31
    $1.19$0.97724162017-12-31
    $1.01$0.83157540000000012017-09-30
    $0.85$0.74185620000000012017-06-30
    $0.59$0.68042160000000012017-03-31
    $0.67$0.67634162016-12-31
    $0.64$0.53205242016-09-30
    $0.62$0.48594842016-06-30
    $0.5$0.4024412016-03-31
    $0.6$0.53099162015-12-31
    $0.34$0.31889282015-09-30
    $0.39$0.379952015-06-30
    $0.38$0.32055542015-03-31
    $0.48$0.49859642014-12-31
    $0.47$0.439028400000000042014-09-30
    $0.43$0.39338342014-06-30
    $0.39$0.35943782014-03-31
    $0.51$0.437977800000000032013-12-31
    $0.42$0.30716282013-09-30
    $0.36$0.28487582013-06-30
    $0.26$0.22865342013-03-31
    $0.27$0.22658282012-12-31
    $0.28$0.29664662012-09-30
    $0.34$0.286446600000000052012-06-30
    $0.27$0.218127000000000022012-03-31
    $0.28$0.222043799999999992011-12-31
    $0.27$0.195370799999999982011-09-30
    $0.2$0.198900000000000022011-06-30
    $0.21$0.16832011-03-31
    $0.14$0.170003400000000032010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).