SteelPeak Wealth LLC has recently acquired a stake in Align Technology, Inc. worth $306,000. Other institutional investors and hedge funds have also added to their stakes in the company. Despite this, Align Technology’s stock has been trading down 0.6%. The company reported earnings of $1.62 per share for the quarter, beating analysts’ estimates and posting revenue of $997.43 million.
Analysts have set new price targets for the company, with some increasing their target prices and giving Align Technology ratings ranging from “neutral” to “overweight.” The stock currently has an average rating of “Moderate Buy” with an average price target of $346.50.
Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists. The company’s Clear Aligner segment offers comprehensive products for younger patients, addressing orthodontic needs and a mix of primary and permanent teeth.
Overall, Align Technology continues to be a strong player in the medical equipment industry, with analysts predicting an EPS of 7.86 for the current year. With a market cap of $18.17 billion, the company remains a significant player in the market. Investors and analysts alike continue to have positive views on the company’s performance and future prospects.
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