May. 13 at 11:13 AM
$TMDX
TransMedics (NASDAQ: TMDX)
Buy (1)
ESG Score: 63/100
Price Target:
$120.00
TD Cowen Call: Key Drivers Are On Track; IDE Approvals Are Likely Q3 Milestones
THE TD COWEN INSIGHT
CEO Waleed Hassanein joined us Monday for a discussion of Q1, the guidance and outlook for 2026, and the numerous growth drivers lined up for H2'26 and beyond. We summarize our conversation by topic below. The main takeaway is that the Q1 results do not reflect the many growth drivers that should soon kick in, starting with the IDE amendment approvals expected for Denovo and Enhance Part B in Q3.