Shares of Align Technology (ALGN) are up 0.30% today, driven by a surge in Reddit mentions on r/wallstreetbets. Retail investors are bullish on the stock, which is trading significantly below Wall Street’s average price target and 52-week high, despite posting strong earnings growth last quarter.

The peak of activity on r/wallstreetbets saw over 15,000 upvotes on posts discussing ALGN, with sentiment shifting from neutral to bullish within 24 hours. Retail traders are focused on the stock’s low valuation compared to its potential for earnings acceleration, interpreting it as a signal of institutional interest.

Retail engagement with ALGN is declining slightly from its peak, but sentiment remains bullish. The stock is trading near its lower consolidation range, with the 50-day moving average providing support. Retail traders are following institutional money into a position that has already been heavily accumulated, expecting further growth ahead.

Read more at Yahoo Finance: Retail Traders Change Tune on Align Stock (ALGN) After Steep Pullback