On March 31, 2023,
OTR Global
upgraded
their outlook
for Align Technology (NASDAQ:ALGN) from Mixed
to Positive
.
Analyst Price Forecast Suggests 2.75% Upside
As of March 30, 2023,
the average one-year price target for Align Technology is $343.33.
The forecasts range from a low of $191.90 to a high of $441.00.
The average price target represents an increase of 2.75% from its latest reported closing price of $334.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Align Technology
is $3,890MM, an increase of 4.16%.
The projected annual non-GAAP EPS
is $8.05.
What are Large Shareholders Doing?
Edgewood Management
holds 3,409K shares
representing 4.44% ownership of the company.
In it’s prior filing, the firm reported owning 3,875K shares, representing
a decrease
of 13.68%.
The firm
decreased
its portfolio allocation in ALGN by 8.65% over the last quarter.
Sands Capital Management
holds 2,661K shares
representing 3.47% ownership of the company.
In it’s prior filing, the firm reported owning 2,315K shares, representing
an increase
of 12.99%.
The firm
increased
its portfolio allocation in ALGN by 17.81% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 2,256K shares
representing 2.94% ownership of the company.
In it’s prior filing, the firm reported owning 2,210K shares, representing
an increase
of 2.02%.
The firm
decreased
its portfolio allocation in ALGN by 4.02% over the last quarter.
Wellington Management Group Llp
holds 2,143K shares
representing 2.79% ownership of the company.
In it’s prior filing, the firm reported owning 2,504K shares, representing
a decrease
of 16.84%.
The firm
decreased
its portfolio allocation in ALGN by 17.96% over the last quarter.
Capital World Investors
holds 2,125K shares
representing 2.77% ownership of the company.
In it’s prior filing, the firm reported owning 1,119K shares, representing
an increase
of 47.37%.
The firm
increased
its portfolio allocation in ALGN by 83.71% over the last quarter.
What is the Fund Sentiment?
There are 1564 funds or institutions reporting positions in Align Technology.
This is a decrease
of
7
owner(s) or 0.45% in the last quarter.
Average portfolio weight of all funds dedicated to ALGN is 0.21%,
an increase
of 9.29%.
Total shares owned by institutions decreased
in the last three months by 1.90% to 79,192K shares.
The put/call ratio of ALGN is 0.71, indicating a
bullish
outlook.
Align Technology Background Information
(This description is provided by the company.)
Align Technology designs, manufactures and offers the Invisalign® system, the most advanced clear aligner system in the world, iTero® intraoral scanners and services, and exocad CAD/CAM software. These technology building blocks enable enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies for over 200 thousand doctor customers, and is key to accessing Align’s 500 million consumer market opportunity worldwide. Align has helped doctors treat over 9.6 million patients with the Invisalign system and is driving the evolution in digital dentistry through the Align Digital Platform, its integrated suite of unique, proprietary technologies and services delivered as a seamless, end-to-end solution for patients and consumers, orthodontists and GP dentists, and lab/partners.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
