Needham has initiated their coverage of Establishment Labs (ESTA, Financial), assigning it a Hold rating while opting not to set a price target. The analytical report suggests that the company's introduction of Motiva in the United States is poised to become a significant growth driver. This launch is anticipated to not only boost sales but also potentially broaden the market for breast implants, especially through its minimally invasive procedures.
Despite these optimistic projections for its U.S. operations, the firm expresses concern over Establishment Labs' international performance, which has shown signs of weakness. Additionally, on a global scale, there are apprehensions that ongoing trade tensions could further impede the company’s international growth prospects. Investors are advised to consider these factors when evaluating the stock's potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Establishment Labs Holdings Inc (ESTA, Financial) is $55.00 with a high estimate of $62.00 and a low estimate of $38.00. The average target implies an upside of 81.28% from the current price of $30.34. More detailed estimate data can be found on the Establishment Labs Holdings Inc (ESTA) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Establishment Labs Holdings Inc's (ESTA, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Establishment Labs Holdings Inc (ESTA, Financial) in one year is $67.95, suggesting a upside of 123.96% from the current price of $30.34. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Establishment Labs Holdings Inc (ESTA) Summary page.
