Piper Sandler analyst Jason Bednar raised the firm’s price target on Align Technology to $415 from $370 and keeps an Overweight rating on the shares post the Q2 results. The company posted a third consecutive quarter of revenue upside versus consensus and evidence is building regarding clear aligner market visibility steadily returning, the analyst tells investors in a research note.
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Read More on ALGN:
- Align Technology (NASDAQ:ALGN) Soars on Bumper Q2
- Align Technology price target raised to $406 from $385 at Baird
- Align Technology sees FY23 revenue $3.97B-$3.99B, consensus $3.94B
- Align Technology sees Q3 revenue $990M-$1.01B, consensus $990.3M
- Align Technology reports Q2 EPS $2.22, consensus $2.03