Growth PotentialThe investment thesis for Align Technology remains strong due to low market penetration of clear aligners versus traditional braces, suggesting significant growth potential.
Market PositionAs the market leader in clear aligners with ~2/3 share and strong brand recognition, a durable and competitive moat is seen.
Operational EfficiencyAlign Technology's EBIT margin guidance for 2025 is above the market's current projection, indicating better-than-expected operational efficiency.