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Investing.com - Piper Sandler has reiterated its Overweight rating and $250.00 price target on Align Technology (NASDAQ:ALGN) ahead of the company’s second-quarter earnings report, due July 30. According to InvestingPro data, the stock currently trades at $201.69, with analyst targets ranging from $180 to $275.
The firm noted that June clear aligner volumes increased 3.9% (approximately flat when adjusting for one extra day), bringing full quarter volumes to -3.1% in total. These results are described as "unequivocally better" than what has been observed in monthly orthodontic data year-to-date and relative to late-2024. The company maintains strong fundamentals with a 70% gross margin and healthy financial metrics, earning an overall "GOOD" rating from InvestingPro.
Piper Sandler expressed optimism that this may signal the beginning of a trend reversal in demand, citing uniformity in volume improvement across both adult and teen segments, along with positive trending patient exam data as a leading indicator. InvestingPro analysis reveals the stock’s notable volatility, with a beta of 1.63, suggesting potential for significant price movements on positive catalysts.
The firm also pointed to evidence of increased Invisalign interest both domestically and internationally based on Google (NASDAQ:GOOGL) Trends data, complemented by encouraging dental service organization checks regarding Invisalign.
Based on these factors, Piper Sandler believes Align Technology’s upcoming second-quarter report next week could serve as a positive catalyst for the company’s shares.
In other recent news, Align Technology has announced a new $1 billion stock buyback program, following the completion of a previous buyback initiative. This decision underscores the company’s strong financial position and its commitment to enhancing shareholder value. Meanwhile, Stifel has reiterated its Buy rating on Align Technology, maintaining a price target of $275, citing favorable survey results and potential positive impacts from foreign exchange and VAT dynamics. Align Technology’s recent 2025 Investor Day revealed a revised top-line growth target of 5-15% for 2026 to 2028, with operating margins expected to range between 23-25%. The company highlighted the Asia-Pacific and EMEA regions as key growth areas. Additionally, Align Technology has made executive and board changes, with stockholders approving an amendment to its 2005 Incentive Plan and electing ten directors. These developments reflect Align’s ongoing strategic efforts to drive growth and strengthen its market position.
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