Align Technology (NASDAQ:ALGN) will be issuing its quarterly earnings data, potentially impacting the stock price.
Stock AI’s forecasts:
🔴 -12.0% short-term 📉
🟢 +2.2% long-term 📈
Stock AI’s (ALGN) Forecast get (+47.0% Profit)
StockAI’s analysis delivers real-world results. On 09 November 2023, $ALGN ($186.98), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $274.91 (🟢47.0%). Buying ALGN on this signal yielded a +47.0% profit 💰💰.
ALGN-Align Technology, Inc. News
🔴 **Piper Sandler reaffirmed overweight rating on ALGN**. The brokerage set a $375 price target, indicating positive sentiment.
🟢 **California Public Employees Retirement System cuts ALGN holdings** by 2.9%, potentially impacting stock price negatively.
🔴 **Align Technology’s share price gapped up** after Morgan Stanley raised price target from $344 to $360, indicating positive sentiment.
🔴 **Handelsbanken Fonder AB reduces ALGN position** by 15.4%, potentially impacting stock price negatively.
🔴 **Align Technology’s price target raised by Robert W. Baird** from $333 to $370, indicating positive sentiment.
🟢 **abrdn plc increases stake in ALGN** by 25.2%, potentially impacting stock price positively.
The recent news surrounding Align Technology, Inc. stock has been a mix of positive and negative developments. While some analysts have raised price targets and reiterated positive ratings, others have reduced their holdings in the company. This mixed sentiment could lead to volatility in ALGN’s stock price in the short term.
The reaffirmation of an overweight rating and raised price targets suggest optimism regarding Align Technology’s future performance. However, the reduction in holdings by institutional investors may raise concerns among some investors. Overall, the market’s reaction to these news events will likely determine the direction of ALGN’s stock price in the coming days.
ALGN-Align Technology, Inc. Analyst Ratings
In recent news, analysts have been closely monitoring Align Technology, Inc. (NASDAQ: ALGN) and updating their ratings on the stock. Here are some of the latest analyst ratings for ALGN:
📉 Piper Sandler reaffirmed their overweight rating on shares of Align Technology.
📈 Morgan Stanley raised their price target on ALGN from $344.00 to $360.00.
📉 UBS Group increased their target price on Align Technology from $280.00 to $320.00.
Analyst ratings play a crucial role in guiding investors’ decisions on buying or selling a stock. It is important to consider these ratings along with other factors when making investment choices.
Sources:
– ETFDailyNews
– ETFDailyNews
– ETFDailyNews
– ETFDailyNews
– ETFDailyNews
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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