Stifel Nicolaus analyst Jonathan Block has maintained their bullish stance on ALGN stock, giving a Buy rating on March 18.
Jonathan Block has given his Buy rating due to a combination of factors that suggest a positive outlook for Align Technology. The analysis of Angelalign’s case volume results indicates that the rate of Invisalign’s global market share losses is slowing, particularly in China, where Align Technology has even gained some market share. This stabilization is a positive sign after a period of accelerating share losses.
Furthermore, while Angelalign’s expansion outside of China shows growth, the pace has decelerated, and their profitability is under pressure due to competitive pricing strategies. This suggests that Align Technology’s position remains strong, as undercutting on price has not proven to be a sustainable strategy for competitors. These factors contribute to the optimistic view of Align Technology’s future performance, supporting the Buy rating.
In another report released on March 18, Piper Sandler also reiterated a Buy rating on the stock with a $235.00 price target.