Add Up The Parts: VONE Could Be Worth $257
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2024
0mins
Should l Buy ALGN?
Source: NASDAQ.COM
- Analyst Target Prices for ETFs: Analysts have compared the trading prices of ETF holdings against 12-month forward target prices to determine the weighted average implied analyst target price for the Vanguard Russell 1000 ETF (VONE), which is $257.38 per unit.
- Upside Potential: VONE has a 12.72% upside potential based on the average analyst targets of its underlying holdings, including Molson Coors Beverage Co (TAP), Align Technology Inc (ALGN), and F5 Inc (FFIV).
- Notable Upside Stocks: TAP has an 18.10% upside, ALGN has a 16.61% upside, and FFIV has a 16.35% upside according to average analyst target prices compared to recent share prices.
- Analyst Justification: Questions arise about whether analysts are justified in their targets or overly optimistic, prompting the need for further investor research to understand if targets align with company and industry developments.
- Additional Information: The article also mentions other topics like stocks crossing above their 200-day moving average, UBFO market cap history, and SSFN YTD return, while noting that views expressed are those of the author and not necessarily Nasdaq, Inc.'s.
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Analyst Views on ALGN
Wall Street analysts forecast ALGN stock price to fall
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 183.860
Low
150.00
Averages
176.70
High
205.00
Current: 183.860
Low
150.00
Averages
176.70
High
205.00
About ALGN
Align Technology, Inc. is a global medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, iTero intraoral scanners, and exocad computer-aided design and computer-aided manufacturing (CAD/CAM) software for digital orthodontics and restorative dentistry. The Company provides Align Digital Platform. Its segments include Clear Aligner, and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment consists of comprehensive products, non-comprehensive products and non-case products. Its comprehensive products include Invisalign Comprehensive and Invisalign First. The Company's non-case products include retention products, Invisalign training and adjusting tools. It offers up to four sets of custom clear aligners called Vivera retainers. The Systems and Services segment consists of its iTero intraoral scanning systems. Its services include subscription software, disposables, rentals, leases and pay per scan services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cost Basis Analysis: If Align Technology's stock falls by 32.1%, resulting in the contract being exercised, the seller's cost basis would be $113.00 per share after commissions, meaning their profit is limited to the premium collected.
- Volatility Assessment: The trailing twelve-month volatility for Align Technology is calculated at 60%, which, when combined with fundamental analysis, can help assess whether selling the January 2028 put at the $125 strike is a worthwhile risk.
- Market Trading Dynamics: On Friday afternoon, the put volume among S&P 500 components reached 1.33 million contracts, matching call volume, indicating a higher-than-normal interest in put options, reflecting market concerns about downside risks.
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- Stock Price Increase: Align Technology (ALGN) shares rose over 2% in recent Monday trading, reflecting market optimism regarding the company's future performance, particularly following HSBC's upgrade.
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