BofA analyst Michael Ryskin has adjusted the price target for Align Technology (ALGN, Financial) shares, lowering it from $200 to $185 while maintaining an Underperform rating. The revision comes as the firm reassesses its expectations ahead of the company's first-quarter earnings report.
The analyst has tempered volume forecasts for Align Technology due to ongoing challenges in the broader market. However, the outlook for average selling prices has been revised upwards, acknowledging a decrease in the adverse effects of foreign exchange fluctuations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Align Technology Inc (ALGN, Financial) is $238.68 with a high estimate of $290.00 and a low estimate of $150.54. The average target implies an upside of 42.36% from the current price of $167.66. More detailed estimate data can be found on the Align Technology Inc (ALGN) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Align Technology Inc's (ALGN, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Align Technology Inc (ALGN, Financial) in one year is $300.51, suggesting a upside of 79.24% from the current price of $167.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Align Technology Inc (ALGN) Summary page.
