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Barchart
Barchart
Sohini Mondal

Are Wall Street Analysts Bullish on Align Technology Stock?

Align Technology ALGN STREET

Valued at a market cap of $17.7 billion, Align Technology, Inc. (ALGN) manufactures and markets a system of clear aligner therapy, intra-oral scanners, and CAD/CAM digital services used in dentistry, orthodontics, and dental records storage. Based in Tempe, Arizona, the company is best known for its Invisalign system, which is a clear aligner treatment used to straighten teeth.

Shares of this orthodontics company have significantly underperformed the broader market over the past 52 weeks. ALGN has declined 35% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25.1%. In 2024, shares of ALGN are down 12.9%, compared to SPX’s nearly 18% gain on a YTD basis. 

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