Goldman Sachs Maintains Sell on Align Tech, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Nathan Rice maintains a Sell rating on Align Technology (NASDAQ:ALGN) but raises the price target from $197 to $225.
February 02, 2024 | 3:31 pm
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Goldman Sachs maintains a Sell rating on Align Technology but increases the price target from $197 to $225.
The maintenance of a Sell rating by a major analyst firm like Goldman Sachs suggests a negative outlook on the stock's performance. However, the increase in the price target from $197 to $225 indicates a slightly improved valuation of the company, which could lead to mixed reactions in the short term. Investors might see the raised target as a positive sign, but the Sell rating still indicates an expectation of underperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100