On October 6, Guardant Health Inc. fell 5.36% in regular trading, trading at $177.2 per share with turnover of $118 million. The decline followed a prior-session gain of 5.30% that pushed the stock to a 52-week high of $187.69, suggesting a technical pullback driven by profit-taking.
UBS recently raised its price target to $225 from $175 and maintained a Buy rating, citing AstraZeneca's Serena-4 trial failure as validation of the liquid biopsy technology route. Additional positive catalysts included the inclusion of the company's colorectal cancer screening test in Evicore coverage and FDA approval of a breast cancer companion diagnostic.
Guardant Health Inc. is a precision oncology company providing blood-based tests, data sets, and analytics for cancer screening, recurrence monitoring, and treatment selection.
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