Stifel excited longer-term for Align, says near-term checks ‘relatively modest’

Stifel analyst Jonathan Block says the firm is “more excited about the longer-term for Align Technology, rather than the immediate-term” following the firm’s Q2 diligence and the stock’s recent move. The firm, which called its near-term checks “relatively modest” and noted that the Q2 case volume net score pulled back from Q1 and that repeat respondents’ 2023 case volume growth expectations moderated from Q1, keeps a Buy rating and $390 price target on Align shares.