Morgan Stanley has decided to maintain its Overweight rating of Align Tech ALGN and lower its price target from $479.00 to $438.00.
Shares of Align Tech are trading up 4.25% over the last 24 hours, at $278.66 per share.
A move to $438.00 would account for a 57.18% increase from the current share price.
About Align Tech
Align is the leading manufacturer of clear dental aligners globally, having pioneered the technology with the introduction of its Invisalign branded aligners in 1998. Since then, Invisalign has become a household name, having treated over 10 million patients with malocclusion (misaligned teeth) through orthodontist and dentist-guided treatment plans. The company maintains dominant market share of clear aligners, despite the introduction of direct-to-consumer competitors upon the expiration of key patents that began in 2017. Align also manufactures intraoral scanners (iTero), used for orthodontic treatment and restorative dental procedures (digital models for crowns, veneers, and implants).
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