William Blair analyst Ryan Daniels has reiterated their bullish stance on TMDX stock, giving a Buy rating yesterday.
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Ryan Daniels has given his Buy rating due to a combination of factors including TransMedics Group’s strong financial performance and positive future outlook. The company reported a 32% year-over-year increase in sales for the third quarter, which was in line with expectations, and significantly exceeded earnings per share targets. This financial strength, despite a seasonally slower period, indicates robust operational efficiency and market demand.
Furthermore, management’s slight increase in full-year guidance, projecting a 35% growth at the midpoint for 2025, suggests confidence in continued business expansion. The recent increase in transplant volumes and the company’s ability to maintain market share despite competitive pressures further support the positive outlook. These factors combined make TransMedics Group a compelling growth opportunity, justifying the Buy rating.
Daniels covers the Healthcare sector, focusing on stocks such as Idexx Laboratories, TransMedics Group, and Addus Homecare. According to TipRanks, Daniels has an average return of 8.7% and a 52.56% success rate on recommended stocks.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $145.00 price target.