Tom Werner
- Align Technology manufactures 3D digital scanners and clear aligners for teeth straightening in orthodontics.
- ALGN’s stock has seen significant volatility but has rebounded 7% YTD, with a 1-year price target of $313 per share.
- ALGN’s international growth and strong global presence are key catalysts for driving attractive risk-reward, with a growing market for clear aligners.
Founded in 1997, Align Technology, Inc. (NASDAQ:ALGN) is a company that manufactures 3D digital scanners and clear aligners for teeth straightener use cases in orthodontics.
ALGN went public in 2001 at a price of $17.3, and currently it is trading at $288 per share, up over 1,500% since then. However, outperformance could have been even stronger had it not been as volatile in recent times. ALGN soared to over $720 per share in 2021, but then continued its gradual decline to the current level soon after. ALGN is also still down almost -6% over the past year, though it has seen a 7% rebound YTD so far.
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