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Piper Sandler Reiterates Overweight on TransMedics Group, Lowers Price Target to $100

BenzingaAug 5, 2026, 4:02 PMBenzinga Newsdesk

Piper Sandler analyst Matt O'Brien reiterates TransMedics Group (NASDAQ:TMDX) with a Overweight and lowers the price target from $120 to $100.

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benzinga
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Aug 5, 2026, 4:02 PM
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Aug 5, 2026, 4:02 PM
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  1. The Motley FoolAug 5, 2026, 5:17 PMJosh Kohn-Lindquist

    Why TransMedics Stock Is Sinking Today

    TransMedics stock fell 8% after Q2 earnings showed 21% sales growth but adjusted net income dropped more than 50% due to reinvestment in new kidney organ care systems and manufacturing. Despite the decline, the analyst remains bullish on the stock, citing upcoming clinical trials for heart and lung systems, a new kidney OCS in development, and European expansion opportunities.

    Read original at the-motley-fool