Needham upgraded TransMedics (TMDX) to Buy from Hold with a $148 price target Needham’s transplant tracker indicates that TransMedics’ U.S. sales are likely to beat consensus in Q3, the analyst tells investors in a research note. The firm also expects the company’s new heart and lung clinical trials and its international expansion to become growth drivers in 2026. Meanwhile, TransMedics’ margins are “increasing rapidly,” which should drive upside to earnings estimates, contends the analyst. Needham thinks the company “has a significant lead in a still significantly underpenetrated market.”
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