BTIG raised the firm’s price target on Establishment Labs (ESTA) to $90 from $88 and keeps a Buy rating on the shares. The company’s results were driven by continued U.S. Motiva outperformance, with revenue of $19.6M representing 13% sequential growth despite the seasonally softer quarter, and momentum has carried into Q2 with the company setting new weekly order highs, the analyst tells investors in a research note.
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Read More on ESTA:
- Establishment Labs reports Q1 EPS (45c), consensus (38c)
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