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 Sell Opinion On Bp
Research Alert: CFRA Maintains Sell Opinion On Bp
May 25, 2025
07:30 AM EDT, 04/29/2025 (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 maintain our 12-month target price for BP of USD20, based on a 2025 P/E of 7.2x, which is 0.5 standard deviation above the average of 6.5x over the past...
Research Alert: CFRA Maintains Buy Opinion On Shares Of Sba Communications Corporation
Research Alert: CFRA Maintains Buy Opinion On Shares Of Sba Communications Corporation
May 25, 2025
11:40 AM EDT, 04/29/2025 (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 increase our 12-month target price by $10 to $260, applying an EV/EBITDA multiple of 20.5x to our 2025 estimate, a slight discount to its three-year historical average multiple of...
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Paypal Holdings, Inc.
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Paypal Holdings, Inc.
May 25, 2025
12:40 PM EDT, 04/29/2025 (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 reduce our 12-month target price by $16 to $84, applying a forward P/E of 15.3x our 2026 EPS estimate, discounted to PYPL's historical averages given slower payment volume growth...
Research Alert: CFRA Maintains Hold Opinion On Shares Of Rambus Inc.
Research Alert: CFRA Maintains Hold Opinion On Shares Of Rambus Inc.
May 25, 2025
10:30 AM EDT, 04/29/2025 (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 reduce our 12-month target price to $55 from $65, on a lower revised per premium P/E of 19x our 2026 EPS estimate, reflecting exposure to RMBS's higher margin recurring...
Copyright 2023-2026 - www.financetom.com All Rights Reserved