Baird Maintains Outperform on Align Tech, Lowers Price Target to $276
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Jeff Johnson maintains an Outperform rating on Align Tech (NASDAQ:ALGN) but lowers the price target from $325 to $276.
October 24, 2024 | 11:34 am
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Baird analyst Jeff Johnson continues to rate Align Tech as Outperform, indicating confidence in the company's performance, but has adjusted the price target downwards from $325 to $276.
The Outperform rating suggests positive expectations for Align Tech, but the lowered price target indicates a reassessment of its short-term valuation, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100