BTIG Maintains a Buy Rating on Establishment Labs Holdings Inc (ESTA)
BTIG analyst Sean Lavin maintained a Buy rating on Establishment Labs Holdings Inc (ESTA) yesterday and set a price target of $40. The company’s shares closed yesterday at $22.46.
According to TipRanks.com, Lavin is a 4-star analyst with an average return of 6.3% and a 57.4% success rate. Lavin covers the Healthcare sector, focusing on stocks such as Helius Medical Technologies, Tactile Systems Technology, and Boston Scientific Corp.
Currently, the analyst consensus on Establishment Labs Holdings Inc is a Strong Buy with an average price target of $38.33, which is a 70.7% upside from current levels. In a report issued on June 6, Stephens also initiated coverage with a Buy rating on the stock with a $37 price target.
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Based on Establishment Labs Holdings Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $10.78 million. In comparison, last year the company had a GAAP net loss of $6.53 million.
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Establishment Labs Holdings, Inc. engages in the design, development, manufacture, and marketing of silicone breast implants. It offers its products under Motiva Implants brand. The company was founded by Juan Jose Chacon-Quiros in 2013 and is headquartered in Alajuela, Costa Rica.