Align Technology price target raised to $375 from $265 at Stifel

Stifel analyst Jonathan Block raised the firm’s price target on Align Technology to $375 from $265 and keeps a Buy rating on the shares, calling the resumption of sequential case volume growth for the first time since Q2 of 2021 the "standout" from the company’s Q4 report. Even with the "solid" year-to-date move, Stifel expects a favorable near-term reaction in the stock, but the firm also believes further upside exists given that Align management is pointing to sequential revenue growth and operating margin expansion throughout 2023.