William Blair analyst Brandon Vazquez has maintained their bullish stance on ALGN stock, giving a Buy rating yesterday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brandon Vazquez has given his Buy rating due to a combination of factors discussed during William Blair’s West Coast Field Trip. The meeting highlighted Align Tech’s strategic focus on enhancing its orthodontic offerings, which are expected to better align with the spending tendencies of orthodontists. Additionally, the company is adopting a more localized marketing approach and realigning its operating expenses to improve conversion rates, which are critical for future growth.
Furthermore, Align Tech anticipates benefits from equipment upgrades and favorable tax adjustments in the U.K., which are expected to contribute positively in the latter half of the year. Despite the challenges in teen conversions, the company’s fundamentals remain strong, and the guidance provided appears achievable. With the stock trading at a favorable valuation relative to its 2026 earnings projections, Vazquez sees a positive risk/reward scenario, supporting his Buy rating.
In another report released yesterday, Leerink Partners also reiterated a Buy rating on the stock with a $188.00 price target.