Sep. 8 at 12:14 PM
$TMDX
TransMedics (NASDAQ: TMDX)
Buy (1)
Price Target:
$120.00
HQ Visit Recap: Multiple Growth Engines Are Converging Into 2027, Reiterate Buy
THE TD COWEN INSIGHT
Our HQ visit made us increasingly bullish on the 2H’26/2027 setup. 3Q trends are benefiting from transplant-volume recovery and continued liver share gains. A 2027 reacceleration could come into play as ENHANCE Part B, DENOVO, CHOPS, OCS kidney and Italy/OUS expansion begin layering on top of the core OCS/NOP/Aviation offering, driving stronger revenue growth and operating leverage. Reiterate Buy.