Align Technology shares are trading higher after Piper Sandler maintained an Overweight rating on the stock and raised its price target from $335 to $355.
Portfolio Pulse from Benzinga Newsdesk
Align Technology's stock is trading higher following Piper Sandler's decision to maintain an Overweight rating and increase the price target from $335 to $355.
March 13, 2024 | 2:33 pm
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POSITIVE IMPACT
Align Technology's stock price has risen after Piper Sandler reaffirmed an Overweight rating and raised the price target to $355.
The positive outlook from a reputable analyst firm like Piper Sandler, especially an increase in the price target, typically instills confidence in investors about the stock's future performance. This often leads to an increase in stock price in the short term as investors adjust their expectations and positions based on the new information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100