Align Technology Inc. ($ALGN) Stock Forecast: Down 5.0% Today

What is Align Technology Inc.?

Align Technology Inc. (ALGN) is a company specializing in designing, manufacturing, and marketing Invisalign clear aligners and 3D digital scanners for orthodontics and dentistry. The market has shown volatility recently with differing opinions from investors.

Why is Align Technology Inc. going down?

ALGN stock is down 5.0% on Feb 21, 2025 17:15

• Profit-taking by investors could explain the bearish movement in ALGN stock today following a period of strong bullish momentum.
• Attention and investment possibly shifted away from Align Technology due to the initiation of coverage on Analog Devices by a top Wall Street analyst, negatively impacting its stock price.
• The overall market uncertainty and mixed sentiments may have also played a role in the bearish movement of ALGN today.

ALGN Price Chart

ALGN Technical Analysis

ALGN News

This Analog Devices Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday - Analog Devices ( NASDAQ:ADI ) , Align Tech ( NASDAQ:ALGN )

Top Wall Street analysts initiated coverage on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Wells Fargo analyst Vik Chopra initiated coverage on Henry Schein, Inc.

https://www.benzinga.com/25/02/43739768/this-analog-devices-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-friday

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Align Technology Inc. Price History

21.01.2025 - ALGN Stock was down 5.0%

• Profit-taking by investors could explain the bearish movement in ALGN stock today following a period of strong bullish momentum.
• Attention and investment possibly shifted away from Align Technology due to the initiation of coverage on Analog Devices by a top Wall Street analyst, negatively impacting its stock price.
• The overall market uncertainty and mixed sentiments may have also played a role in the bearish movement of ALGN today.

06.10.2024 - ALGN Stock was up 5.1%

• ALGN stock experienced a bullish movement despite being labeled as the "Bear of the Day," showcasing resilience in the face of negative sentiment.
• The witty headline about finding the right alignment could ironically reflect the market's confidence in ALGN's ability to navigate challenges and continue its upward trajectory.
• Investors may have been swayed by positive news or financial performance, leading to increased buying pressure and driving the stock price higher.
• This unexpected bullish movement could indicate that ALGN is defying bearish expectations and potentially surprising investors with its strength and growth prospects.

13.08.2024 - ALGN Stock was up 5.6%

• Despite facing challenges with declining Invisalign ASPs and revenues, ALGN experienced a strong bullish movement today.
• Investors might be optimistic about the company's ability to overcome macroeconomic issues and FX headwinds.
• The market movement could be attributed to potential positive developments or future growth prospects that outweigh the current challenges.
• It's possible that investors are focusing on the long-term potential of ALGN's innovative products and market positioning, leading to the bullish trend despite short-term setbacks.

24.09.2024 - ALGN Stock was up 5.7%

• ALGN stock experienced a strong bullish movement today following the release of their Q3 earnings report.
• The company surpassed earnings and revenue estimates, indicating strong financial performance.
• Investor confidence in ALGN was likely boosted by the positive outlook for the company's key metrics.
• The anticipation of a successful quarter and potential future growth prospects contributed to the bullish momentum in ALGN stock.

24.09.2024 - ALGN Stock was up 7.0%

• ALGN stock exhibited a robust bullish trend today despite presenting mixed Q3 earnings.
• The company's revenue growth within the Imaging Systems & CAD/CAM Services division likely influenced the favorable market response.
• Surpassing earnings projections, ALGN potentially signaled resilience and opportunities for future growth, attracting investor interest.
• The market's optimistic reception suggests a focus on the company's overall performance and future potential, despite falling short of revenue estimates.

08.00.2025 - ALGN Stock was down 5.1%

• Despite recent positive developments such as an analyst upgrade and a strong Q3 performance, Align Technology (ALGN) faced a bearish movement in the market.
• This decline could be linked to profit-taking by investors following a period of growth or uncertainties in the market prompting selling activities.
• Investors, despite the upgrades and robust earnings, seem wary about the company's growth sustainability and potential competition within the dental supplies sector.
• Close monitoring of market sentiment and future updates is crucial to discern whether this bearish trend signifies a short-term adjustment or a broader shift in investor confidence over the long term.

26.10.2024 - ALGN Stock was down 5.1%

• ALGN faced a notable bearish movement despite the fact that it recently received a CE mark for the Invisalign Palatal Expander System.
• The market's reaction today seemed more influenced by the general market instability rather than the specific positive news related to ALGN.
• Although ALGN's stock price had increased by 5.5% since the last earnings report, this did not translate into sustained positive performance during today's trading.
• The negative stock movement could be attributed to external factors or a broader market sentiment overshadowing the positive developments within Align Technology.

06.01.2025 - ALGN Stock was up 5.5%

• ALGN's strong bullish movement today could be attributed to anticipation and positive analyst insights ahead of its upcoming quarterly earnings.
• Investors may be optimistic about ALGN's potential performance for the quarter ended December 2024, especially considering the company's history of innovation and market leadership in orthodontic products like Invisalign.
• The market movement suggests that there is confidence in ALGN's ability to deliver robust financial results, potentially driven by key performance indicators that are expected to have a positive impact on the company's overall performance.

31.00.2025 - ALGN Stock was down 5.3%

• The decline in ALGN stock today may be linked to concerns among investors regarding the company's upcoming earnings performance.
• Despite anticipated strong results in Align Technology's Systems & Services segment, doubts about exceeding earnings expectations could have prompted a selloff of the stock.
• Investor confidence in Align Technology's ability to meet or surpass earnings projections appears to be low, contributing to a negative market sentiment towards ALGN in the current trading day.
• Uncertainties surrounding Align Technology's earnings forecast may have prompted traders to adopt a more cautious stance, fueling the downward movement in the stock price.

26.06.2024 - ALGN Stock was down 6.1%

• The bearish movement in ALGN stock today could be attributed to the company lowering its sales view for 2024 despite beating Q2 earnings expectations.
• The market may be reacting negatively to the challenges mentioned in the recent updates, particularly the adverse impact of foreign exchange (FX) challenges on revenue growth.
• Despite strong revenue growth noted in recent updates, investors might be concerned about the revised sales outlook and potential implications for future performance.
• The introduction of the iTero Design Suite for 3D printing in dental practices may have been overshadowed by the revised sales forecast, contributing to a bearish sentiment in the market for Align Technology.

08.07.2024 - ALGN Stock was up 5.0%

• Despite encountering obstacles such as low Average Selling Prices (ASP) and foreign exchange headwinds, the company's stock exhibited a robust bullish trend.
• Investor confidence in the company's resilience amidst these challenges and its market presence could be fueling the positive stock movement.
• The upward momentum in the stock price might also be influenced by favorable market sentiment towards the healthcare industry as a whole.

15.07.2024 - ALGN Stock was up 5.4%

• Despite mixed earnings, ALGN experienced a strong bullish movement today.
• Investors might have focused more on the positive aspects of the earnings report, such as strong revenue growth or future guidance.
• The market likely interpreted the mixed earnings as a temporary setback, leading to increased confidence in the company's long-term prospects.
• Overall, the bullish movement could indicate that investors see potential for growth and innovation in Align Technology's core business areas.