11 Best Stocks to Buy for the Next 3 Months According to Hedge Funds

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3. TransMedics Group, Inc. (NASDAQ:TMDX)

6-Month Performance: 54.18%

Analyst Upside Potential: 39.41%

Number of Hedge Fund Holders: 35

TransMedics Group, Inc. (NASDAQ:TMDX) is one of the Best Stocks to Buy for the Next 3 Months According to Hedge Funds. On August 4, TransMedics Group, Inc. (NASDAQ:TMDX) received conditional approval from the US FDA for its Investigational Device Exemption, allowing the company to start its Next-Generation OCS ENHANCE Heart trial.

The trial has two parts, where the first part focuses on supporting prolonged heart perfusion using the OCS Heart System. Whereas the second part aims to prove that OCS Heart perfusion is better than traditional cold storage methods in hearts donated after brain death.

Analysts have been bullish on the stock since the approval. On September 5, Josh Jennings from TD Cowen reiterated a Buy rating on TransMedics Group, Inc. (NASDAQ:TMDX) with a price target of $170. Earlier on September 3, Matthew O’Brien from Piper Sandler had also reiterated a Buy rating on the stock with a price target of $145.

TransMedics Group, Inc. (NASDAQ:TMDX) is a medical technology company that revolutionizes organ transplant therapy for patients with end-stage lung, heart, and liver failure.

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