What Happened?
Shares of diagnostics company Guardant Health (NASDAQ:GH) jumped 1.8% in the afternoon session after Morgan Stanley raised its price target on the stock, reflecting heightened optimism about the company's potential. The firm's analyst, Shannon O’Callaghan, maintained an "Overweight" rating on Guardant Health while increasing the price target to $130.00 from $105.00. This action followed other positive price target adjustments from analysts in the recent past. Specifically, both BTIG and Canaccord Genuity also previously increased their price targets for the company. These collective revisions signaled a growing positive view of the stock among financial analysts.
After the initial pop the shares cooled down to $105.66, up 1.7% from previous close.
Is now the time to buy Guardant Health? Access our full analysis report here.
What Is The Market Telling Us
Guardant Health’s shares are extremely volatile and have had 35 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 9 days ago when the stock gained 4.6% on the news that a Politico report revealed that the White House plans to pitch a two-year extension of Obamacare subsidies. The proposal would extend subsidies set to expire at the end of the year, with new eligibility limits for individuals with incomes up to 700% of the federal poverty line. These subsidies, a key part of the Affordable Care Act (ACA), help lower the cost of health insurance for consumers, making them crucial for insurers focused on the ACA marketplace. An extension would likely support sustained enrollment, securing a key revenue stream for these companies.
Guardant Health is up 233% since the beginning of the year, and at $105.66 per share, it is trading close to its 52-week high of $111.25 from November 2025. Investors who bought $1,000 worth of Guardant Health’s shares 5 years ago would now be looking at an investment worth $866.03.
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