5 Best Dental Stocks to Buy Now

1. Align Technology, Inc. (NASDAQ:ALGN)

No of HFs: 47

Total Value of HF Holdings: $2.16 Billion

ALGN is the top dental stock to buy now. The top hedge fund holder of this stock is Principal Global Investor’s Columbus Circle Investors which had $19 million invested in the stock at the end of December. An insider recently purchased 564 shares at around $177 in August 2019. The stock is up 204% since then. In an article, RiverPark Advisors mentioned that they are expecting ALGN to grow cases by another roughly 200% over the next five years.

“For Align Technology, the story is a similar one. As we discussed in our letter from the second quarter of 2018, Align is the inventor of and the dominant player in the orthodontic clear aligner market with its Invisalign product. The roughly 1.2 million cases Align did last year – which represented the vast majority of clear aligner cases done in the world – represented only 10% of the global orthodontia market (yet was up nearly 200% from 5 years earlier). We believe that over the coming decade, the majority of global orthodontia will be done with clear aligners (and the market of orthodontia will also grow given the less invasive product and patient experience) and that Align will be the major beneficiary of this shift away from metal braces. We expect Align to grow cases another roughly 200% over the next five years resulting in a near doubling of revenue and a 250% rise in EPS.”

Please also see 12 Best Large Biotech Stocks to Buy Now and 10 Best Insurance Stocks to Buy Now.

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