BofA raised the firm’s price target on Align Technology to $225 from $190 and keeps an Underperform rating on the shares after the company posted Q1 results that were ahead of expectations. While the firm updated its model to reflect the results and raised its forecast, BofA reiterates its Underperform rating given Align’s exposure to macro and limited visibility.
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Read More on ALGN:
- Align Technology reports Q1 adjusted EPS $1.82, consensus $1.68
- Align Technology options imply 9.0% move in share price post-earnings
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- Align Technology price target raised to $390 from $375 at Stifel
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