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Investing.com - Align Technology (NASDAQ:ALGN) maintained its Buy rating and $200.00 price target at Stifel following the company’s third-quarter revenue beat. This target represents approximately 43% upside from the current price of $139.60, aligning with InvestingPro data that suggests the stock is significantly undervalued based on Fair Value calculations.
Align reported revenue of $996 million for the third quarter of 2025, exceeding the high end of management’s previous guidance range of $965-985 million. The company also reiterated its full-year 2025 guidance.
The strong performance reduces fourth-quarter expectations to approximately 4% quarter-over-quarter growth, compared to the high single-digit growth previously required. With value-added tax contributing about 100 basis points to the sequential growth, the adjusted target aligns closer to the 2021-2024 four-year average of 1-2%.
Several markets showed improvement, with Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions posting double-digit growth. U.S. dental service organizations (DSOs) also grew by double digits, while U.S. independents, representing about 35% of worldwide business, remained the primary underperformer.
Stifel slightly increased its revenue and margin estimates for 2025 and 2026, with 2026 earnings per share projections rising 3% higher, which the firm believes should support the stock that it considers undervalued at current levels.
In other recent news, Align Technology reported its third-quarter 2025 earnings, which surpassed expectations. The company achieved an earnings per share of $2.61, exceeding the forecasted $2.42, and reported revenue of $995.7 million, beating the projected $975.92 million. This performance was largely attributed to the strength in its Clear Aligner business segment. Piper Sandler raised its price target for Align Technology to $200, citing broad volume upside in the third quarter, particularly in international markets and digital service organizations. Needham maintained its Hold rating on the stock after the company’s revenue exceeded expectations. Meanwhile, Leerink Partners increased its price target to $189 from $172, acknowledging the solid upside in Align’s third-quarter results. The firm highlighted the combination of volume growth and stable average selling prices as key factors driving revenue and margin improvements. These developments reflect a notable recovery following a challenging second quarter.
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