Stifel lowered the firm’s price target on Align Technology (ALGN) to $200 from $275 and keeps a Buy rating on the shares. The firm, which says it had “a bullish stance into the quarter,” admits “we were (very) wrong.” While “struggling with several aspects of the business,” the firm would “stick with the story,” given its view that management has repeatedly shown an ability to manage margins and its 2025 EPS estimate being only 5% lower, while the stock was trading down 35% last night.
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Read More on ALGN:
- Align Technology price target lowered to $170 from $220 at Evercore ISI
- Align Technology price target lowered to $210 from $245 at Mizuho
- Hold Rating Maintained on Align Tech Amid Revenue Shortfall and Market Shifts
- Align Tech Faces Challenges: Sell Rating Due to Underperformance and Revised Guidance
- Align Technology downgraded to Equal Weight from Overweight at Morgan Stanley