Seeking Alpha

Stifel reiterates Buy recommendation on Align Technology

  • Stifel reiterates a Buy recommendation on shares of Align Technology (ALGN).
  • The call comes on the heels of two lunches held to "gather feedback from both high volume Invisalign Teen users as well as Orthodontists that are a bit more measured with their use."
  • Ultimately, Stifel says the product's traction should continue thanks to "an expanded product portfolio, a larger sales force, and an overall better macro environment."
  • Analyst Jonathan Block notes that by contrast, most Street models call for "a deceleration in case volume growth in 2014 and 2015."
  • Price target is $60.
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