TransMedics (TMDX) could report better-than-expected Q4 US sales of $160.7 million if it sustains its above-average monthly organ transplant volume, Needham said in a Tuesday research report.
Based on the Scientific Registry of Transplant Recipients data, analysts said they estimate the company's average transplant volume stood at 453 for October and November, up from the average monthly volume of 394 in Q3.
The brokerage said it reiterated its buy rating on the stock with a price target of $166 per share.
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