Establishment Labs Inc. (ESTA) PT Raised to $90 at Jefferies

Jefferies analyst Raj Denhoy raised the price target on Establishment Labs Inc. (NASDAQ: ESTA) to $90.00 (from $85.00) while maintaining a Buy rating.

The analyst commented, "ESTA posted a $2.2mn/$0.06 beat, in line with their recent pre- announcement as COVID headwinds ease and procedure volumes continue to recover. Guidance was ticked up as procedure volumes improve and product launches grow near, all while keeping a watchful eye on COVID variants. Product launches and geographic expansion support sustainable +30% top line growth and a path to $120. We raise our PT to $90 (prior $85) and remain at Buy."

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