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Fly News Breaks for January 30, 2019
ALGN
Jan 30, 2019 | 07:52 EDT
Credit Suisse analyst Erin Wilson Wright lowered her price target for Align Technology to $270 from $277 following quarterly results. The analyst reiterates an Outperform rating on the shares saying that while the company's Q4 was admittedly not a clean report and unforeseen expenses will weigh considerably on near-term profitability, she is making no meaningful changes to her volume or ASP assumptions with initial 2019 guidance encouragingly alluding to profit trends back in line with its long-term targets in 2H19.
News For ALGN From the Last 2 Days
ALGN
Apr 18, 2024 | 07:23 EDT
Stifel raised the firm's price target on Align Technology to $400 from $350 and keeps a Buy rating on the shares. Respondents to the firm's survey point to "solid" 2024 year-over-year case volume growth and while Invisalign's share is expected to step down "modestly" year-over-year, new product feedback is upbeat, says the firm, which adds that it has "an upside bias to our 2024 revenue estimate."
