Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - TD Cowen raised its price target on Guardant Health (NASDAQ:GH) to $100 from $72 while maintaining a Buy rating following the company’s third-quarter results. The stock is currently trading at $92.79, having already surged 213% over the past year according to InvestingPro data.
The precision oncology company reported sales growth of 34% year-over-year excluding true-ups, significantly outpacing the consensus expectation of 22%.
Guardant360 test volume growth accelerated for the fifth consecutive quarter, while Shield revenues reached $24 million, exceeding analyst expectations of $17 million.
Gross margins also outperformed, coming in approximately 300 basis points ahead of forecasts, demonstrating improved operational efficiency.
The company raised its guidance by more than the amount of the quarterly beat, with TD Cowen noting that "momentum remains strong & many upside levers remain for the GH investment case."
In other recent news, Guardant Health reported impressive third-quarter 2025 earnings, surpassing market expectations. The company achieved an earnings per share (EPS) of -$0.39, significantly better than the anticipated -$0.79, and generated revenue of $265.2 million, exceeding the forecasted $235.64 million. This strong performance led to several analysts raising their price targets for Guardant Health. Canaccord Genuity increased its price target to $100 from $75, maintaining a Buy rating, citing broad-based growth in revenue and volume. BTIG also raised its price target to $100 from $80, noting a 12% top-line beat and an increase in guidance. Wolfe Research adjusted its price target to $90 from $75, highlighting Guardant Health’s advancements in blood-based colorectal cancer screening and other technologies. These developments reflect a positive outlook from analysts following the company’s robust quarterly results.
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