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.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALGN:
- Align Tech Hold Rating: Balancing Positive Q1 Results with Macroeconomic Concerns
- Align Technology price target lowered to $246 from $255 at Wells Fargo
- Cautious Outlook on Align Tech Despite Strong Q1 Due to Currency Effects and Transparency Concerns
- Positive Outlook for Align Tech with Buy Rating Amid Strong International Performance and Favorable Conditions
- Align Technology Reports Q1 2025 Earnings and Milestones