JP Morgan Maintains Overweight on Establishment Labs Hldgs, Raises Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Allen Gong has maintained an Overweight rating on Establishment Labs Holdings (ESTA) and increased the price target from $46 to $53.
February 29, 2024 | 4:24 pm
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JP Morgan analyst Allen Gong has reaffirmed an Overweight rating on Establishment Labs Holdings and raised the price target from $46 to $53.
The increase in price target by a reputable analyst like Allen Gong from JP Morgan is a strong positive signal for investors, indicating a bullish outlook on ESTA's stock. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100