Goldman Sachs Maintains Buy on Guardant Health, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Matthew Sykes maintains a Buy rating on Guardant Health (NASDAQ:GH) but lowers the price target from $32 to $28.
April 15, 2024 | 2:25 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Buy rating on Guardant Health but reduces the price target from $32 to $28.
While the maintenance of a Buy rating by Goldman Sachs indicates continued confidence in Guardant Health's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook suggests that any negative impact might be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100