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Stay informed on ALGN stock with the most important news summaries, insider trading, valuation highlights and analyst recommendations

ALGN stock news: A summarized overview for you, just the bottom line of the most recent news items!

Last Updated: May 08, 2024

Top 3 Med Tech Stocks to Watch: Is ALGN on the List?
- 🚀 Watch out for Align Technology (ALGN)! Zooming past competitors with its snazzy clear aligners, ALGN's gearing up to make smiles around the world even brighter. Their clever moves into new markets and buddy-ups with other companies spell out a clear message: they're not just straightening teeth; they're aligning their stars for some serious growth.
- 🔍 Dive into the world of 3D printing with 3D Systems (DDD). As the Michelangelo of the intraoral scanner scene, DDD's blending tech wizardry with strategic deals to shape up a future where digital dentistry and perfect smiles are the norms. If you're biting into the future of dental tech, keep an eye on these guys.
- 💡 Stryker (SYK) is not just another name in the med-tech game. With a toolbox full of surgical gadgets and a knack for snagging innovative startups, they're stitching up the medical world one acquisition at a time. If steady growth paired with a sprinkle of innovation is your jam, SYK might just be your next portfolio superstar.
ALGN Performance Compared to Other Medical Stocks in 2023
- 🚀 Align Technology (ALGN) isn't just walking; it's sprinting ahead of the pack with a jaw-dropping 45% climb this year, leaving the broader medical device sector and the S&P 500 eating its dust. This is not your average jog; it's a marathon sprint.
- The secret sauce? ALGN's Invisalign is turning heads and straightening teeth like no tomorrow, coupled with its cutting-edge iTero digital scanning tech. It's not just about looking good; it's the innovation that's keeping them at the pinnacle of the clear aligner mountain.
- Investors can't seem to get enough of ALGN, with the stock soaring to become one of the medical field's MVPs in 2023. If you're looking for a stock that's been pumping iron financially and showing gains to prove it, ALGN is flexing hard in the financial fitness center.

Real-time price chart of ALGN stock

Stay up-to-date with the latest performance of Align Technology, (ALGN) through our real-time stock chart, providing live insights into its market movements

ALGN stock valuation - less noise, just the highlights

With a PEG ratio of 4.04, Align Technology's stock valuation reflects a balance between its price and expected earnings growth. Even though the PEG ratio suggests a premium pricing, it’s justified by ALGN's projected EPS growth over the next 5 years at 11.70%, indicating a prudent investment for those analyzing 'Align Technology valuation' from a long-term growth perspective.
ALGN has shown a consistent growth in earnings with an EPS growth this year of 12.01% and an anticipated growth next year of 13.95%. This steady increase in earnings per share underlines the company's growing profitability and efficiency, making 'ALGN valuation' a compelling aspect for investors seeking stocks with solid growth prospects.
The Forward P/E ratio of ALGN is 26.07, highlighting a more attractive valuation basis for 'Align Technology valuation' compared to its current P/E of 47.21. This suggests that investors are expecting higher earnings growth in the future, potentially offering a solid investment opportunity as the market anticipates improved profitability for ALGN stock.

Stay informed with the latest ALGN stock analyst recommendations:

The sequence of rating changes over the past years, including upgrades from major analysts such as UBS and Morgan Stanley, complemented by consistent outperform ratings from Credit Suisse, highlights a trend of growing confidence among analysts in ALGN's business model and market strategy. This trend is a crucial data point for those looking into 'Align Technology analyst recommendation', indicating a long-term positive outlook among experts despite periodic adjustments.
The recent initiation by Leerink Partners with a 'Market Perform' rating and a price target of $310 underscores an optimistic outlook for ALGN stock, highlighting Align Technology's solid market position and potential for sustained growth, offering valuable insights for those searching for 'ALGN analyst recommendation' or 'Align Technology analyst recommendation'.
A notable upgrade from Goldman from 'Sell' to 'Neutral' with a significant increase in the price target from $165 to $307 in early 2023 suggests a substantial positive shift in sentiment towards ALGN stock. This change, juxtaposed with previous downgrades, offers a nuanced view for investors and traders diving into 'ALGN analyst recommendation' analyses, pointing towards a recovering confidence in the company's financial health and market strategy.

Stay updated on ALGN stock insider trading with these key points:

Significant Insider Buys: President and CEO, Joseph M. Hogan, made notable purchases of ALGN stock, notably buying 5,319 shares at $188.00 in October and 5,194 shares at $192.50 in November. This could indicate strong confidence in the future of Align Technology from one of its top executives, serving as a positive signal for investors considering this as a buy indicator.
Senior Executive Sales: Joseph Lacob, a Director, executed significant sales in February, disposing of 25,000 shares at prices above $300. This might raise questions regarding the stock's valuation or Lacob's assessment of its growth potential, potentially serving as a cautious signal to investors about the stock's short-term upside.
Executive Options Exercise: Several executives and directors, including the President and CEO Joseph M. Hogan and EVP Emory Wright, exercised options but with varied follow-up actions. Hogan bought shares outright, showcasing long-term investment, while Wright sold some after exercise, possibly for personal financial planning. Observing these patterns helps investors gauge the insiders' commitment and belief in the company's growth prospects.

ALGN technical analysis

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