Oppenheimer Analysts Give Mesoblast (MESO) a $16.00 Price Target

Mesoblast (NASDAQ:MESO) received a $16.00 price objective from equities researchers at Oppenheimer in a research note issued to investors on Tuesday, November 14th. The brokerage currently has a “buy” rating on the stock. Oppenheimer’s price objective points to a potential upside of 209.48% from the company’s previous close. Oppenheimer also issued estimates for Mesoblast’s Q2 2018 earnings at ($0.19) EPS, Q3 2018 earnings at ($0.19) EPS, Q4 2018 earnings at ($0.19) EPS, FY2018 earnings at ($0.76) EPS, Q1 2019 earnings at ($0.19) EPS, Q2 2019 earnings at ($0.20) EPS, Q3 2019 earnings at ($0.21) EPS, Q4 2019 earnings at $0.06 EPS and FY2019 earnings at ($0.54) EPS.

Several other research firms have also recently commented on MESO. Credit Suisse Group set a $11.00 price target on shares of Mesoblast and gave the stock a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Mesoblast from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Maxim Group set a $14.00 price target on shares of Mesoblast and gave the company a “buy” rating in a research report on Wednesday, August 16th. Cantor Fitzgerald set a $20.00 price objective on shares of Mesoblast and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, CIBC started coverage on shares of Mesoblast in a research note on Thursday, August 31st. They set an “outperform” rating and a $16.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Mesoblast presently has an average rating of “Hold” and a consensus target price of $13.14.

Shares of Mesoblast (NASDAQ MESO) traded down $0.05 on Tuesday, hitting $5.17. The stock had a trading volume of 16,604 shares, compared to its average volume of 28,247. Mesoblast has a 12 month low of $4.39 and a 12 month high of $12.50.

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Mesoblast Company Profile

Analyst Recommendations for Mesoblast (NASDAQ:MESO)

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