JP Morgan Initiates Coverage On Establishment Labs Hldgs with Overweight Rating, Announces Price Target of $75
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Allen Gong has initiated coverage on Establishment Labs Holdings (NASDAQ:ESTA) with an Overweight rating and a price target of $75.
August 31, 2023 | 9:47 am
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JP Morgan has initiated coverage on Establishment Labs Holdings with an Overweight rating and a price target of $75, which could positively impact the stock.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, JP Morgan's Overweight rating suggests they believe ESTA's stock will outperform the market, and their price target of $75 indicates they expect the stock's price to rise. This could lead to increased investor interest and a potential increase in ESTA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100