Is Health Care coming back in vogue? The Health Care Select Sector SPDR ETF appears to have found relative support versus the S&P 500 Trust ETF.

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Align Technology Intrinsic Value – The recent stock market volatility has led many investors to re-evaluate the health care sector. ALIGN TECHNOLOGY($NASDAQ:ALGN) is a leading provider of medical devices and software, and its products are used by surgeons around the world. The company’s strong market position and long-term growth prospects make it a good candidate to benefit from renewed interest in health care stocks. ALIGN TECHNOLOGY’s earnings are expected to grow at a healthy clip in the coming years, making it a stock to watch in the health care sector.

Share Price

It’s been a tough few years for the health care sector, but it appears to be finally turning around. Align Technology is one of the leading companies in the sector and its stock has been performing well too. On Tuesday, Align Technology stock opened at $250.6 and closed at $246.7.

VI Analysis – Align Technology Intrinsic Value

ALIGN TECHNOLOGY’s fundamentals reflect its long-term potential, and the company’s intrinsic value is around $534.8 per share, according to VI’s Line app. However, the stock is currently trading at $246.7, which represents a 54% discount.

Summary

One stock that has benefitted from this renewed interest in the sector is Align Technology . Investors are betting that the health care sector will continue to outperform the broader market in 2021 as the pandemic continues to drive demand for medical products and services. Align Technology is a beneficiary of this trend, as its clear aligners are in high demand from patients looking to improve their smiles. The company is also benefiting from strong growth in its digital scanning and software businesses. Align Technology is a high-growth stock that is trading at a reasonable valuation. The stock is not without risk, as the company is heavily dependent on the Invisalign business, which could be hurt by a slowdown in dental procedures. However, the company’s strong fundamentals and growth prospects make it a attractive investment for long-term growth.