BMO Capital Initiates Align Technology at Outperform With $209 Price Target
Align Technology (ALGN) has an average rating of overweight and mean price target of $208.29, according to analysts polled by FactSet.
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Align Technology (ALGN) has an average rating of overweight and mean price target of $208.29, according to analysts polled by FactSet.
Healthcare stocks were lower late Tuesday afternoon, with the NYSE Healthcare Index decreasing 0.9% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 1.1%.The iShares Biotechnology ETF (IBB) rose 0.2%.In corporate news, Pacira Biosciences (PCRX) has agreed to sell its Iovera cold-therapy pain relief system to Zimmer Biomet (ZBH) for up to $140 million. Pacira shares rose 1%, and Zimmer fell past 6%.Unicycive Therapeutics (UNCY) shares tumbled 40% after it said Tuesday it has received a Complete Response Letter from the US Food and Drug Administration over its resubmitted new drug application for oxylanthanum carbonate for treating hyperphosphatemia in people with chronic kidney disease on dialysis.AbbVie (ABBV) and Merck (MRK) are facing investigations by the China Select Committee of the US House over whether clinical trials conducted in China may have contributed to the country's military capabilities, Reuters reported. AbbVie shares were down 1.3%, and Merck shed nearly 1%.Align Technology (ALGN) shares fell 3% after the European Commission said Tuesday it has opened an antitrust probe to determine whether the company has violated EU competition rules by tying its dental clear aligners to its intra-oral scanners in the European Economic Area.
Healthcare stocks were lower Tuesday afternoon, with the NYSE Healthcare Index falling 1.1% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.9%.The iShares Biotechnology ETF (IBB) rose 0.6%.In corporate news, AbbVie (ABBV) and Merck (MRK) are facing investigations by the China Select Committee of the US House over whether clinical trials conducted in China may have contributed to the country's military capabilities, Reuters reported. AbbVie shares were down 0.6%, and Merck shed 0.7%.Align Technology (ALGN) shares fell 2.9% after the European Commission said Tuesday it has opened an antitrust probe to determine whether the company has violated EU competition rules by tying its dental clear aligners to its intra-oral scanners in the European Economic Area.PetMed Express (PETS) shares surged 10% after it said Tuesday it received an unsolicited, non-binding and conditional proposal from SilverCape Investments to buy the company for $3 per share in cash.
Healthcare stocks declined Tuesday afternoon, with the NYSE Healthcare Index falling 1% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.9%.The iShares Biotechnology ETF (IBB) rose 0.6%.In corporate news, Align Technology (ALGN) shares fell 3.4% after the European Commission said Tuesday it has opened an antitrust probe to determine whether the company has violated EU competition rules by tying its dental clear aligners to its intra-oral scanners in the European Economic Area.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target to $189 from $193. This new target is 16.7x our 2026 EPS estimate, above ALGN's one-year historical forward average of 15.7x but well below its three- and five-year averages of 24.3x and 31.4x, respectively. We raise our 2026 EPS estimate by $0.06 to $11.34 and our 2027 estimate by $0.15 to $12.36. While interest rates are expected to continue declining, we think North American patient volumes remain challenged in the current macro environment, with inflationary pressures weighing on consumer sentiment and elective medical spending. Average per case shipment price rose around 1% to $1,250 during Q1, up $10 sequentially and Y/Y, though ALGN guides for a 1%-2% decline in pricing during 2026.
Align Technology (ALGN) has an average rating of overweight and mean price target of $208.15, according to analysts polled by FactSet.Price: $173.84, Change: $-4.57, Percent Change: -2.56%
Align Technology (ALGN) has an average rating of overweight and mean price target of $208.15, according to analysts polled by FactSet.Price: $173.84, Change: $-4.57, Percent Change: -2.56%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ALGN delivered solid Q1 2026 results with revenues of $1.04B, up 6.2% Y/Y, above consensus, while adjusted EPS of $2.58 beat estimates by $0.29. Clear Aligner volumes rose 6.7% to 685.7k cases, with foreign exchange providing a $44.9M tailwind, though underlying constant currency growth was 2.6%. We view broad-based growth across customer segments positively, with orthodontist shipments up 7.4% and GP dentist volumes increasing 5.6%. The company is supported by a strong balance sheet with $1.06B in cash. Management reaffirmed full-year 2026 guidance for 3-4% revenue growth with mid-single digit Clear Aligner volume growth and non-GAAP operating margin of ~23.7%. Adjusted operating margin expanded 240 bps to 21.5%, reflecting restructuring benefits that should continue supporting profitability improvements. The company completed a $200M share repurchase and announced an additional $200M buyback starting May 2026, demonstrating shareholder-friendly capital allocation, in our view.
Align Technology (ALGN) has an average rating of overweight and mean price target of $205.85, according to analysts polled by FactSet.Price: $187.77, Change: $-2.90, Percent Change: -1.52%
Align Technology (ALGN) has an average rating of overweight and mean price target of $200.17, according to analysts polled by FactSet.