Align Technology downgraded by Evercore ISI on weakening Invisalign demand
-2.15% to $140.65 from $143.74
What moved ALGN
- Evercore ISI downgraded Align Technology to In Line from Outperform and cut its price target to $155 from $220.
- Analyst Elizabeth Anderson cited weakening consumer confidence and slowing demand indicators for Invisalign, pointing to declines in the Conference Board’s Expectations Index and the University of Michigan’s Expectations Index.
- Evercore ISI cut its 2026 revenue growth estimate for Align to 0.5% from 3.3% previously, equating to roughly negative 0.9% organic growth.
- The downgrade comes ahead of Align Technology’s third-quarter 2026 results, scheduled for October 28.
Sources: GuruFocus · Investing.com · Yahoo Finance