Stock Track | Guardant Health Soars 6.22% Intraday on Wave of Analyst Price Target Hikes

Stock Track

02/20

Guardant Health Inc. (GH) shares soared 6.22% during intraday trading on Friday, marking a significant upward movement for the healthcare stock.

The surge appears driven by a series of positive analyst actions following the company's latest earnings report. Multiple financial firms raised their price targets for Guardant Health, including BTIG (to $145 from $140), JP Morgan (to $130 from $120), Barclays (to $130 from $120), Leerink Partners (to $180 from $170), Stifel (to $130 from $120), TD Cowen (to $135 from $130), and Canaccord (to $135 from $125).

These bullish revisions come after Guardant Health reported quarterly revenue that rose 39.4% year-over-year to $281.27 million, surpassing analyst expectations of $271.01 million. The strong revenue performance despite an earnings per share miss has fueled optimism about the company's growth trajectory among Wall Street analysts.

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(GH) shares soared 6.22% during intraday trading on Friday, marking a significant upward movement for the healthcare stock.</p><p>The surge appears driven by a series of positive analyst actions following the company's latest earnings report. Multiple financial firms raised their price targets for Guardant Health, including BTIG (to $145 from $140), JP Morgan (to $130 from $120), Barclays (to $130 from $120), Leerink Partners (to $180 from $170), Stifel (to $130 from $120), TD Cowen (to $135 from $130), and Canaccord (to $135 from $125).</p><p>These bullish revisions come after Guardant Health reported quarterly revenue that rose 39.4% year-over-year to $281.27 million, surpassing analyst expectations of $271.01 million. 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