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Establishment Labs price target raised to $70 from $48 at Needham

Needham raised the firm’s price target on Establishment Labs (ESTA) to $70 from $48 and keeps a Buy rating on the shares. The company’s Q3 revenue and adjusted EBITDA beat consensus, and the management now expects 2025 revenue to exceed the mid-point of its former revenue guidance range, the analyst tells investors in a research note.

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