Align Technology, one of the leading names in 3D printing and additive manufacturing, has been the highlight of several major market news. The company's stock has performed well above the market. Recently announced Q3 2024 earnings, however, missed expectations, with revenue and GAAP EPS falling short of predictions. Despite this,
Jefferies Financial Group lowered their price target to $260 from a previous average of $268.20. Moreover, Align's stock has flamed volatility due to macroeconomic issues and foreign exchange headwinds.
One of the significant announcements from the company came in the form of a $275 million open market repurchase program, demonstrating the company's confidence in its future prospects.
Piper Sandler maintains an Overweight on the company's stock, while Leerink raised their rating to Outperform. The company also unveiled the Invisalign Smile Architect with multiple treatment plans.
Align has been bolstered by the re-entry of industry veteran, Frank Quinn as Executive VP and Managing Director for the Americas region. Kansas City Chiefs Quarterback Patrick Mahomes entered into a multi-year brand ambassadorship deal with Align's Invisalign. Despite some dips, analysts argue that the company's fundamentals could be driving its stock on an uptrend.
Align Technology ALGN News Analytics from Wed, 24 Apr 2024 07:00:00 GMT to Fri, 24 Jan 2025 16:25:27 GMT -
Rating 6
- Innovation 5
- Information 5
- Rumor -5
