Maxim Group analyst Jason McCarthy reiterated a Buy rating on Mesoblast (NASDAQ:MESO) Ltd on Friday, setting a price target of $18, which is approximately 30.62% above the present share price of $13.78.
McCarthy expects Mesoblast Ltd to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Mesoblast, with an average price target of $18.67.
The analysts price targets range from a high of $22 to a low of $12.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $701 thousand and a net profit of -$31.99 million. The company's market cap is $1.62 billion.
According to TipRanks.com, Maxim Group analyst Jason McCarthy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.5% and a 50.12% success rate.
Mesoblast Ltd. is a biopharmaceutical company, which engages in the research, development, and market of mesenchymal lineage adult stem cell technology platform. Its medicines target the cardiovascular diseases, spine orthopedic disorders, oncology and hematology, immune-mediated, and inflammatory diseases. The company was founded by Itescu Silviu on June 8, 2004 and is headquartered in Melbourne, Australia.