Elliott Investment Management Acquires Significant Stake in Align Technology to Boost Stock Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Should l Buy ALGN?
Source: seekingalpha
- Investor Engagement: Elliott Investment Management has built a significant stake in Align Technology (ALGN), making it one of the largest investors in the dental device company, reflecting confidence in its future growth potential.
- Stock Price Enhancement Plan: The activist fund plans to engage with Align to encourage the company to explore ways to boost its stock price, aiming to drive company value through proactive shareholder involvement.
- Market Performance: Align Technology's shares have gained 10.4% year-to-date, indicating a positive market sentiment towards its business outlook, which also provides a solid foundation for Elliott's investment.
- Future Growth Targets: Align Technology has set a revenue growth target of 3%-4% for 2026, expected to be driven by DSO momentum and digital innovation, further attracting investor interest.
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Analyst Views on ALGN
Wall Street analysts forecast ALGN stock price to rise
13 Analyst Rating
8 Buy
4 Hold
1 Sell
Moderate Buy
Current: 166.380
Low
169.00
Averages
198.70
High
220.00
Current: 166.380
Low
169.00
Averages
198.70
High
220.00
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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- Stock Price Decline: Align's stock has sharply fallen from its 2021 peak of $729.92 to a recent close of $172.41, reflecting a market value of approximately $12.3 billion, which highlights a significant drop in demand following a surge in cosmetic dental treatments during the pandemic.
- Signs of Market Stabilization: Barclays analysts noted in a February 4 report that dental markets may be finding a floor this year, suggesting that Align could recover some lost valuation, with potential trading closer to 12 times EBITDA compared to around 10 times currently, indicating possible upside.
- Historical Valuation Comparison: Although Align's valuation remains below historical averages of 17 and 21 times over three- and five-year periods, respectively, improving market conditions could yield higher returns for investors, particularly as factors related to its Israel manufacturing operations evolve.
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