Strong Buy Recommendation for Establishment Labs Holdings Driven by US Launch Momentum and Promising Pipeline

In a report released yesterday, Matthew Taylor from Jefferies maintained a Buy rating on Establishment Labs Holdings (ESTA – Research Report), with a price target of $61.00.

Matthew Taylor has given his Buy rating due to a combination of factors including the positive progress of Establishment Labs Holdings’ US launch, which is showing strong momentum with increasing daily orders and a well-established sales team. The company has reiterated its revenue goals and is experiencing a stable environment outside the US, with growth in regions like APAC and EMEA.
Furthermore, the company’s pipeline is promising, with innovations such as the Recon opportunity expected to drive significant margin expansion and growth. The Motiva product line is gaining traction, with a high percentage of orders processed through the Motiva Portal, indicating streamlined operations. Additionally, the company’s focus on safety and quality, coupled with a strategic pricing approach, positions it well in the competitive landscape, with expectations of capturing a substantial market share in the US over the next few years.

In another report released today, BTIG also reiterated a Buy rating on the stock with a $62.00 price target.