financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Maintains Buy Opinion On Shares Of Guardant Health, Inc.
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Maintains Buy Opinion On Shares Of Guardant Health, Inc.
May 24, 2024 9:15 AM

11:55 AM EDT, 05/24/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $3 to $28, reflecting a 3.5x multiple of our 2025 revenue estimate, a discount to GH's historical average due to a long horizon until break-even cash flows are reached. GH announced the Molecular and Clinical Genetics Panel of the U.S. Food and Drug Administration's (FDA) Medical Devices Advisory Committee has strongly recommended FDA approval of the company's Shield blood test for colorectal cancer screening in adults aged 45 and older who are at average risk for the disease. This indicated their conclusion that the test's benefits as a primary non-invasive screening option outweigh any potential risks (seven to two favorably on the advisory committee). The FDA is expected to decide whether to approve Shield later this year; we believe this recommendation makes FDA approval more likely.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Maintains Hold Opinion On Shares Of Vail Resorts, Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Vail Resorts, Inc.
Jun 9, 2024
12:45 AM EDT, 06/10/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target to $191 from $232 on FY 25 (Jul.) EV/EBITDA of 10.3x, below MTN's 10-year average forward EV/EBITDA of 16.0x, reflecting inclement weather risks. We lower...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Ciena Corporation
Research Alert: CFRA Maintains Hold Opinion On Shares Of Ciena Corporation
Jun 9, 2024
12:35 AM EDT, 06/10/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target price by $5 to $50, 17.4x our FY 25 (Oct.) EPS estimate, a discount to its five-year forward average P/E at 18.6x, reflecting our slower...
Research Alert: CFRA Maintains Buy Opinion On Shares Of Saputo Inc.
Research Alert: CFRA Maintains Buy Opinion On Shares Of Saputo Inc.
Jun 7, 2024
03:30 PM EDT, 06/07/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target by CAD4 to CAD36, calculated using a FY 25 (Mar.) EV/EBITDA of 11x vs. the 12x long-term average. We up our FY 25 EPS to...
Small-cap funds vs. large-cap funds: How they differ
Small-cap funds vs. large-cap funds: How they differ
Jun 7, 2024
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Small-cap funds and large-cap funds are two of the most popular ways to slice and dice the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved