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ALGN

Align Technology

$291.11

-21.89 (-6.99%)

05:27
10/25/18
10/25
05:27
10/25/18
05:27

Piper an 'aggressive' buyer of Align Technology on today's selloff

Piper Jaffray analyst Matt O'Brien lowered his price target for Align Technology to $300 from $440 following the company's Q3 results but would be an "aggressive" buyer of the stock today. While Align reported Q3 results that beat expectations, much higher than expected pricing pressure in the quarter led to "weak" Q4 guidance, which will push shares meaningfully lower today, O'Brien tells investors in a research note. The analyst believes these pricing pressures "will prove transitory as the promotions program will cease to exist going forward." He believes Align's key growth trends "continue moving in the right direction" and would add to positions on the selloff. O'Brien keeps an Overweight rating on the name.

ALGN Align Technology
$291.11

-21.89 (-6.99%)

10/15/18
PIPR
10/15/18
NO CHANGE
Target $440
PIPR
Overweight
Piper says investors should continue to own Align Technology
Align Technology recently entered agreements with the two largest Dental Service Organizations with 2,000 dentists total to supply all locations with an iTero scanner, Piper Jaffray analyst Matt O'Brien tells investors in a research note. The analyst believes Dental Service Organizations will be a larger piece of growth in the U.S. dental market in the coming years as practices consolidate and private equity seeks growth opportunities. Further, he thinks Align will seek more of these partnerships to drive North America growth. O'Brien continues to view Align Technology as one of the most compelling growth names in all of med tech. He says investors should continue to own the stock, "even at the current premium valuation," and keeps an Overweight rating on the name with a $440 price target.
10/19/18
GSCO
10/19/18
INITIATION
Target $420
GSCO
Buy
Align Technology assumed with a Buy at Goldman Sachs
Goldman Sachs analyst Nathan Rich assumed coverage of Align Technology with a Buy rating and $420 price target. The company's growth potential "remains substantial" as penetration is less than 10% of its ultimate total addressable market and investors may be underestimating the upside from new product launches, Rich tells investors in a research note.
10/24/18
PIPR
10/24/18
UPGRADE
Target $17
PIPR
Neutral
3D Systems upgraded to Neutral from Underweight at Piper Jaffray
Piper Jaffray analyst Troy Jensen upgraded 3D Systems (DDD) to Neutral and raised his price target for the shares to $17 from $14. The maker of 3D printers closed yesterday down 32c to $16.69. While Piper's Q3 survey "showed another poor performance" from 3D Systems' resellers, the company's "significant direct sales win" with Align Technology (ALGN) will continue to allow 3D Systems to report "impressive" year-over-year product growth for the next few quarters, Jensen tells investors in a research note. The Align win "will mask some of the competitive pressures" 3D has faced over the past few years, the analyst adds. Further, he believes the recent launch of the Figure 4 platform will help boost product growth in 2019 and beyond. Jensen thinks the stock could likely appreciate and believes a Neutral rating is now more appropriate.
10/24/18
PIPR
10/24/18
NO CHANGE
PIPR
Piper upgrades 3D Systems after survey, still prefers Materialise, Voxeljet
Based on feedback from his Q3 3D printer reseller survey, Piper Jaffray analyst Troy Jensen believes overall system demand has improved sequentially in Q3 and that material and service bureau demand "appeared to be modestly above plan." The analyst is also encouraged to see more production applications with 3D printing technologies and would highlight 3D Systems' (DDD) "big win" with Align Technology (ALGN) and Voxeljet's (VJET) announcement with a major European automotive manufacturer. The overall 3D printing industry "remains healthy and the long await move to production use of 3D printers is gaining momentum," Jensen tells investors in a research note. He upgraded shares of 3D Systems to Neutral from Underweight but still prefers Overweight-rated Materialise (MTLS) and Voxeljet.

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AXP

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XLY

Consumer Discretionary Sector SPDR

$115.92

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XLB

S&P Select Materials SPDR

$54.67

-0.29 (-0.53%)

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XLU

Utilities SPDR

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TEF

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XLP

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XLV

Health Care Select Sector SPDR

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AT&T

$31.79

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Acacia Communications

$48.98

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IWM

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DIA

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XLF

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SMH

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QQQ

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Nasdaq Composite

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