Piper Sandler raised the firm’s price target on Align Technology to $335 from $290 and keeps an Overweight rating on the shares. The firm notes the company reported Q4 results, including revenue and EPS of $957M and $2.42 vs. Street’s $934M and $2.18, and management also offered more forward-looking visibility via Q1 and 2024 guidance than many were expecting. Considering the grouping of positives and better macro developments of late, the path higher for shares of Align is becoming more visible, Piper argues.
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