Align Technology PT Raised to $66.00 (ALGN)
Analysts at Roth Capital boosted their target price on shares of Align Technology (NASDAQ:ALGN) from $56.00 to $66.00 in a research report issued to clients and investors on Friday, ARN reports. Roth Capital’s target price points to a potential upside of 11.07% from the stock’s previous close.
Align Technology (NASDAQ:ALGN) traded up 1.59% on Friday, hitting $59.42. The stock had a trading volume of 2,423,066 shares. Align Technology has a one year low of $29.53 and a one year high of $65.10. The stock’s 50-day moving average is $58.87 and its 200-day moving average is $51.18. The company has a market cap of $4.772 billion and a price-to-earnings ratio of 153.92.
Align Technology (NASDAQ:ALGN) last announced its earnings results on Friday, January 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $172.24 million. Analysts expect that Align Technology will post $1.72 EPS for the current fiscal year.
ALGN has been the subject of a number of other recent research reports. Analysts at JMP Securities raised their price target on shares of Align Technology from $64.00 to $74.00 in a research note to investors on Friday. Separately, analysts at Stifel Nicolaus raised their price target on shares of Align Technology from $60.00 to $65.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Align Technology from $60.00 to $65.00 in a research note to investors on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $57.44.
Align Technology, Inc (NASDAQ:ALGN), designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage.
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