Needham downgraded TransMedics (TMDX) to Hold from Buy without a price target The firm’s channel checks indicate TransMedics is facing intensifying competition from a variety of directions including OrganOx, Paragonix Technologies and normothermic regional perfusion. The company’s sequential growth has slowed and this points to slower growth in 2025, the analyst tells investors in a research note. Needham believes TransMedics’ 2025 consensus estimates are likely too high and expects further downward revisions combined with additional multiple compression to weigh on the shares.
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