Piper Sandler raised the firm’s price target on Align Technology (ALGN) to $250 from $235 and keeps an Overweight rating on the shares. The firm notes the company reported Q1 results with revenue and EPS of $979.3M and $2.13 vs. Street’s $976M and $1.99, with case shipments of 642.3k also beating consensus of 630k. While Piper acknowledges that it’s tough to accurately measure, the firm says its impression was buy-side expectations were lower than sell-side models, making the results look even better than what many feared.
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