Bullish Case: ESTA has demonstrated a strong rebound over the last ninety days, with price appreciation of 45%. With a consensus 'Buy' recommendation and bullish sentiment reflected in raised holdings by major investors like Adage Capital, short-term upside appears promising.


Bearish Case: Despite recent gains, ESTA faces historical declines over the past year and significant skepticism as reflected in flat options term structure. Analyst expectations of continued earnings declines suggest underlying challenges persist, potentially pressuring stock price.


Potential Outcomes:

1. Positive earnings surprise leads to quick price appreciation (30%).

2. Earnings meet poor expectations, prolong bearish trend (40%).

3. Market mispricing volatility offers options trading opportunities (30%).


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April 19, 2024


Establishment Labs Forecast

ESTA        Establishment Labs
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)











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Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESTA



HURN Forecast + Options Trading Strategies   HURN  Huron Consulting (-0.77)


NFE Forecast + Options Trading Strategies   NFE  New Fortress Energy (-0.78)


LPG Forecast + Options Trading Strategies   LPG  Dorian LPG (-0.78)


PDD Forecast + Options Trading Strategies   PDD  Pinduoduo (-0.81)


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ESTA News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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