Align Technology price target raised to $220 from $200 at Piper Sandler

Piper Sandler raised the firm’s price target on Align Technology (ALGN) to $220 from $200 and keeps an Overweight rating on the shares. The firm notes the company reported Q4 results that included revenue that beat the Street’s estimate and was supported by “a nice balance of upside” across aligners – both teens and adults – and scanners. Keeping with the balanced upside theme, margins finished ahead of Street models, which contributed to a wide EPS beat of $3.29 vs. Street’s $2.97. Despite the nice upside, Piper likes that initial 2026 guidance looks reasonable, which should tilt the quarterly outcomes more positive if aligner demand trends simply persist.