Analyst Ratings for Align Tech
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 7 Wall Street analysts have provided ratings for Align Technology, Inc. (NASDAQ:ALGN), with 2 being bullish, 3 somewhat bullish, 1 indifferent, and 1 bearish. The average price target is now $285.0, down 27.85% from the previous target of $395.00, suggesting an upside from the current price of $216.77. The ratings indicate a mixed outlook from analysts on ALGN stock.
December 11, 2023 | 2:00 pm
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Analysts have a mixed view on ALGN with an average price target of $285, which is higher than the current price, but down from the previous target of $395.
The mixed analyst ratings with a majority leaning towards bullish and somewhat bullish suggest a cautiously optimistic outlook for ALGN. The significant decrease in the average price target may cause concern, but the new target still implies an upside potential. This could lead to a short-term positive impact on ALGN's stock price as investors may view the lower target as a more achievable goal.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100