Goldman Sachs Downgrades Align Tech to Sell, Announces $197 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Nathan Rice downgraded Align Technology (NASDAQ:ALGN) from Neutral to Sell and set a price target of $197.
December 11, 2023 | 12:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Align Technology was downgraded by Goldman Sachs from Neutral to Sell with a price target of $197, indicating a bearish outlook on the stock.
The downgrade by a prominent investment bank like Goldman Sachs can lead to a negative sentiment among investors, potentially causing a short-term decline in ALGN's stock price. The new price target of $197 suggests that Goldman Sachs believes the stock is currently overvalued, which could further influence market perception and trading behavior.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100