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: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with ESTA



SILK Forecast + Options Trading Strategies   [SILK]  Silk Road Medical (0.93)


GPC Forecast + Options Trading Strategies   [GPC]  Genuine Parts (0.92)


XFOR Forecast + Options Trading Strategies   [XFOR]  X4 Pharmaceuticals (0.91)


NVCR Forecast + Options Trading Strategies   [NVCR]  NovoCure (0.9)


CDMO Forecast + Options Trading Strategies   [CDMO]  Avid Bioservices (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to ESTA



VIRT Forecast + Options Trading Strategies   [VIRT]  Virtu Financial (-0.0)


VEEV Forecast + Options Trading Strategies   [VEEV]  Veeva Systems (-0.0)


ACAD Forecast + Options Trading Strategies   [ACAD]  Acadia Pharmaceuticals (0.0)


PFG Forecast + Options Trading Strategies   [PFG]  Registered Shares (0.0)


VNQ Forecast + Options Trading Strategies   [VNQ]  Vanguard Real Estate Index (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ESTA



IMVT Forecast + Options Trading Strategies   [IMVT]  Immunovant (-0.83)


PDD Forecast + Options Trading Strategies   [PDD]  Pinduoduo (-0.83)


OLMA Forecast + Options Trading Strategies   [OLMA]  Olema Pharmaceuticals (-0.83)


AKAM Forecast + Options Trading Strategies   [AKAM]  Akamai (-0.85)


IONS Forecast + Options Trading Strategies   [IONS]  Ionis Pharmaceuticals (-0.87)





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