Feb. 24 at 10:19 PM
$ESTA
Cowen ups PT to 95. Expect more upgrades tmw.
Establishment Labs (NASDAQ: ESTA)
Buy (1)
ESG Score: 46/100
Price Target:
$95.00 (Prior
$88.00)
US Guide Better At Second Glance; Profitability Likely to Continue; TP to
$95
THE TD COWEN INSIGHT
ESTA revenues outperformed, and the company sustained Adj. EBITDA profitability (see our quick take for more details on 4Q). We come away from the call with a more positive view on US guidance, which is higher than we initially thought and is supported by Jan/Feb momentum. Also encouraging, China is expected to contribute to 2026 growth, and ESTA eased concerns around the profitability ramp.