Feb. 19 at 11:25 PM
$ESTA
Establishment Labs (NASDAQ: ESTA)
Buy (1)
ESG Score: 46/100
Price Target:
$88.00
Multiple Upside Levers Support Our Bullish View on 2026
THE TD COWEN INSIGHT
With 4Q25 pre-announced results in-hand, we turn our attention to 2026. We see upside potential to current TD Cowen/Consensus 2026 revenue estimates driven by continued U.S. Motiva launch momentum and increasing MIS portfolio contribution. Additionally, we expect ESTA to turn Adj. EBITDA/FCF positive in 2026, and believe the company can at least meet the Street's bullish P&L estimates.