Piper Sandler analyst Jason Bednar maintains $Align Technology (ALGN.US)$ with a buy rating, and maintains the target price at $315.
According to TipRanks data, the analyst has a success rate of 41.7% and a total average return of -6.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Align Technology (ALGN.US)$'s main analysts recently are as follows:
Analysts recognize Align Technology's potential for long-term earnings growth and balance sheet flexibility, projecting that the company could maintain a 6%-7% revenue increase along with a 10% rise in earnings. Nevertheless, projections for 2025 and 2026 may be overly optimistic, taking into account the persistent limitations in demand for clear aligners. With these considerations, it is suggested that the current stock valuation corresponds with the imminent risk/reward balance, possibly constraining the stock's performance.
The firm is revising estimates and updating its tactical performance lists in anticipation of third-quarter earnings reports from the Healthcare Technology and Distribution sector.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
