Leerink Partners analyst Richard Newitter reiterated an Outperform rating and bumped his price target on Sientra (NASDAQ: SIEN) to $29.00 (from $25.00) following solid 2Q, which saw a rev/EPS beat and another quarter of 20%+ growth.

Newitter commented, "This reinforces our confidence in the company's ability to continue gaining share in the US breast augmentation market and sustain above average top-line growth prospects with new products in key implant modalities and sales rep hires driving increased sales momentum in the quarters ahead. Reiterate OP, PT to $29 from $25 based on multiple expansion for the group."

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Shares of Sientra closed at $24.39 yesterday.