Needham Maintains Buy on TransMedics Gr, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Matson maintains a Buy rating on TransMedics Group (NASDAQ:TMDX) but lowers the price target from $208 to $109.

October 29, 2024 | 10:39 am
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Needham analyst Mike Matson maintains a Buy rating on TransMedics Group but significantly lowers the price target from $208 to $109, indicating a more cautious outlook.
The significant reduction in the price target from $208 to $109 suggests a more cautious outlook on TransMedics' future performance, which could lead to a negative short-term impact on the stock price despite the maintained Buy rating.
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