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 >
What is a covered call options strategy?
What is a covered call options strategy?
Dec 13, 2024
A covered call is an options trading strategy that offers limited return for limited risk. A covered call involves selling a call option on a stock that you already own. By owning the stock, you're covered (that is, protected) if the stock rises and the call option expires in the money. A covered call is one of the lower-risk option...
Best gold ETFs: Top funds for investing in gold
Best gold ETFs: Top funds for investing in gold
Dec 14, 2024
There are multiple ways to gain exposure to gold, from directly purchasing gold bullion to more indirect methods like owning shares of public mining companies. While some funds invest directly in the physical metal, others manage a portfolio of gold-related stocks. To get in on the action, the most efficient approach for retail investors is through exchange-traded funds (ETFs) with...
Greg McBride's 2024 financial checklist: 15 tasks to complete by the end of the year
Greg McBride's 2024 financial checklist: 15 tasks to complete by the end of the year
Dec 13, 2024
The last year saw a number of economic wins for the U.S., but many Americans aren't celebrating. Inflation slowed to levels last seen in early 2021, and the Federal Reserve cut interest rates twice. But that may not mean much to many Americans' wallets, as prices of common goods are higher than they were pre-pandemic, and household debt continues to...
Best REIT ETFs: Top real estate funds for investors
Best REIT ETFs: Top real estate funds for investors
Dec 14, 2024
Real estate investment trusts, or REITs, allow investors to earn a portion of the profits of real estate investing without buying, managing or financing a physical property. REITs are popular among investors for their ability to diversify a portfolio, since they have lower correlations to the performance of stocks and bonds. REIT investors carefully consider dividend yields, since dividends are...
Copyright 2023-2025 - www.financetom.com All Rights Reserved