Stifel Reiterates Buy Rating on Align Technology (ALGN)

Stifel analyst Jonathan Block reiterated a Buy rating and $275.00 price target on Align Technology (NASDAQ: ALGN).

The analyst commented, "Align’s 2025 Investor Day touched on several variables, including recalibrating the company’s LRP, providing more color on growth by region, and highlighting incremental data points around the company’s next-generation direct fabrication initiative. For the LRP, the prior +20-30% top-line goal was clearly outdated, and Align took the opportunity to move 2026-2028 revenue growth expectations to +5-15% with OM of 23-25%. For 2029+, revenue growth and OM expansion is expected to improve further. From a geographic standpoint, APAC and EMEA were referred to as +DD% growth regions, with Iberia, U.K./Ireland, and Italy accounting for over 50% of EMEA revenue. Finally, for direct fabrication, the company laid out its near-term (new devices), medium term (existing products better) and longer-term (substitute for SLA) plans. While the 2026/2027 LRP metrics are in-line with our prior estimates, we believe if the mid-point (+10%) is achieved it will prove to be a catalyst for the stock."

For an analyst ratings summary and ratings history on Align Technology click here. For more ratings news on Align Technology click here.

Shares of Align Technology closed at $173.07 yesterday.

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