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Investing.com - Piper Sandler raised its price target on Align Technology (NASDAQ:ALGN) to $200 from $190 while maintaining an Overweight rating on the stock. Currently trading at $147.95, the new target suggests significant upside potential for the dental aligner maker. InvestingPro analysis indicates the stock is currently undervalued based on its proprietary Fair Value model.
The research firm cited broad volume upside in the third quarter, with particularly strong performance in international markets, digital service organizations (DSOs), and the teen segment. This improved performance addresses previous investor concerns about revenue visibility challenges following the second-quarter results.
Piper Sandler noted that the stronger third-quarter demand trends have reduced the difficulty of meeting the implied fourth-quarter targets that had previously appeared challenging based on historical seasonality patterns.
The firm believes these positive developments should help Align Technology’s stock recover some of its lost valuation multiple, with further potential upside if management continues to execute well in future quarters.
Align Technology shares had been out of favor with investors since the second-quarter earnings report, but the third-quarter results have alleviated concerns about both revenue visibility and fourth-quarter growth expectations.
In other recent news, Align Technology reported its third-quarter 2025 earnings, exceeding both earnings per share (EPS) and revenue expectations. The company posted an EPS of $2.61, surpassing the forecasted $2.42, and achieved revenue of $995.7 million, above the anticipated $975.92 million. This performance was driven by a strong showing in the Clear Aligner business segment. Following these results, Leerink Partners raised its price target for Align Technology from $172 to $189, maintaining an Outperform rating. Leerink cited a combination of volume growth and stable average selling prices as key factors for the revenue beat and margin improvements. Meanwhile, Needham reiterated its Hold rating on the stock after the company’s revenue exceeded expectations. These developments reflect Align Technology’s rebound after a challenging second quarter.
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