Cantor Fitzgerald Starts Align Technology (ALGN) at Buy, $37 Price Target

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Cantor Fitzgerald initiated coverage on Align Technology (NASDAQ: ALGN) with a Buy rating and a $37 price target.

The firm said it is still expecting "plenty of room for continued double-digit growth." Even as future competition looms, Cantor believes Align holds a significant advantage in its market, "and the integration of the Cadent scanners to aid Invisalign treatments will enable Align to maintain its advantage over future competitors..."

With Align shares closing Monday afternoon up 5 percent to $31.21, Cantor's new price target represents potential upside of about 18.5 percent.

For an analyst ratings summary and ratings history on Align Technology click here. For more ratings news on Align Technology click here.

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