TD Cowen raised the firm’s price target on TransMedics (TMDX) to $130 from $120 and keeps a Buy rating on the shares. The firm notes the company sailed past Q1 estimates and raised its 2025 revenue guidance by $34M. This strong performance should defuse recent dire predictions from a short-seller, TD Cowen says. On the call, TransMedics expressed confidence that it will deliver on its now higher guidance. Continued operating strength, along with progress with the next-gen programs in lung and heart, should further dent the bear thesis and help the stock, it adds.
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Read More on TMDX:
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