Evercore ISI analyst Elizabeth Anderson raised the firm’s price target on Align Technology to $375 from $230 and keeps an Outperform rating on the shares. Align’s "better-than-feared" Q4 results and Q1 outlook "paint a rosier vision" for 2023 and beyond, the firm tells investors. 2023 will likely continue to have volatility, but with improving operating performance and potentially about $1B of share repurchases coming in 2023, the firm said it sees "both fundamental and technical reasons to continue like Align here."
Published first on TheFly
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