Billionaire Ken Griffin’s 10 Midcap Stock Picks with Huge Upside Potential

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

Stock Upside Potential:   36.8%

Citadel Investment Group’s Stake: $364,856,219

Align Technology, Inc. operates as a manufacturer, designer, and marketer of Vivera retainers, Invisalign clear aligners, and iTero intraoral scanners and services. The company generates its revenues through Clear Aligner and Imaging Systems, and CAD/CAM Services segments.

Since its 2023 highs, Align’s stock has significantly declined. It fell by over 50% in the last year alone. The reason behind the massive drop in share price was missed EPS and revenue targets. In the last 12 quarters, the company has missed revenue in seven quarters and EPS in five quarters. Resultantly, the stock hasn’t gone anywhere.

According to the provided fiscal 2025 outlook, ALGN expects revenues between $1.05 billion to $1.07 billion. For 2025, Clear Aligner volume growth is anticipated to be mid-single digits YoY.  However, due to growth in emerging markets and product mix shift, ASPs are projected to decrease. Management predicts the GAAP operating margin to increase by approximately 2 percentage points compared to the previous year. Due to the company’s long history and market leadership, investors see the current stock price drop as an attractive buying opportunity, though concerns about the management’s ability to deliver remain.