Analyst Glen Santangelo of Jefferies maintained a Buy rating on Align Tech (ALGN – Research Report), retaining the price target of $260.00.
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Glen Santangelo has given his Buy rating due to a combination of factors influencing Align Tech’s outlook. Despite the mixed fourth-quarter results and the below-consensus guidance for fiscal year 2025, the company demonstrated a positive trend in case growth, which suggests potential stabilization in the market environment.
Although foreign exchange impacts and tariff threats present challenges, the improvement in case shipments and revenue growth in Systems and Services provide reasons for optimism. The anticipated growth in Clear Aligner volume and the company’s strategic focus amidst currency headwinds highlight Align Tech’s resilience, supporting a Buy rating.
In another report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $275.00 price target.
ALGN’s price has also changed slightly for the past six months – from $207.940 to $216.360, which is a 4.05% increase.