Oppenheimer Reiterates “$16.00” Price Target for Mesoblast (MESO)

Mesoblast (NASDAQ:MESO) received a $16.00 price objective from research analysts at Oppenheimer in a research report issued to clients and investors on Wednesday, December 20th. The firm currently has a “buy” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 171.65% from the stock’s previous close. Oppenheimer also issued estimates for Mesoblast’s FY2020 earnings at $1.15 EPS and FY2021 earnings at $2.70 EPS.

A number of other brokerages also recently issued reports on MESO. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Mesoblast in a research report on Wednesday, August 30th. Maxim Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Mesoblast in a research report on Tuesday, September 26th. ValuEngine downgraded shares of Mesoblast from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. CIBC initiated coverage on shares of Mesoblast in a research report on Thursday, August 31st. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Mesoblast from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Mesoblast has an average rating of “Hold” and a consensus price target of $13.11.

Mesoblast (MESO) opened at $5.89 on Wednesday. The company has a market cap of $537.63, a PE ratio of -7.18 and a beta of 2.44. Mesoblast has a 12-month low of $4.80 and a 12-month high of $12.50.

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