Guardant Health (NASDAQ:GH) Earns Neutral Rating from Analysts at Bank of America

Analysts at Bank of America initiated coverage on shares of Guardant Health (NASDAQ:GH) in a research report issued on Monday, October 29th, Marketbeat reports. The brokerage set a “neutral” rating and a $37.00 price target on the stock. Bank of America’s target price suggests a potential downside of 0.43% from the company’s current price.

Shares of NASDAQ:GH traded up $2.42 during trading on Monday, reaching $37.16. The stock had a trading volume of 680,737 shares, compared to its average volume of 368,374. Guardant Health has a one year low of $27.04 and a one year high of $44.25.

Guardant Health (NASDAQ:GH) last released its earnings results on Monday, November 19th. The company reported ($1.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($1.65). The company had revenue of $21.70 million for the quarter, compared to the consensus estimate of $17.44 million. The firm’s revenue was up 95.5% compared to the same quarter last year. As a group, equities research analysts forecast that Guardant Health will post -1.05 EPS for the current year.

Guardant Health Company Profile

Guardant Health, Inc, a precision oncology company, provides non-invasive cancer diagnostics. It offers liquid biopsy tests for advanced stage cancer, such as Guardant360, a molecular diagnostic test that measures various cancer-related genes from circulating tumor DNA (ctDNA); and GuardantOMNI, a broader panel measuring various genes from ctDNA.

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Analyst Recommendations for Guardant Health (NASDAQ:GH)

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