Align Technology price target raised to $370 from $360 at Piper Sandler

Piper Sandler raised the firm’s price target on Align Technology to $370 from $360 and keeps an Overweight rating on the shares post the Q1 results. With expectations moving higher ahead of the print, with Invisalign case volumes beating only slightly, and with the near-term outlook one of stability rather than improvement, the shares may give up some recent gains today, the analyst tells investors in a research note. However, Piper is encouraged by Align’s near-term revenue and earnings trajectory.