Guardant Health Inc

GH: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Ggk	Jqbpytgyp

Guardant Health Earnings: Firm Reaps Volume Growth Benefits as Liquid Biopsy Trends Continue

Julie Utterback , Ava Gams

Aug 4, 2023

No-moat Guardant Health posted strong second-quarter results that were about in line with our expectations. Solid volume growth drove revenue up 26% year over year and pushed management to lift full-year guidance. While we have slightly raised our full-year 2023 revenue growth forecast on a strong first-half performance, we maintain our longer-term growth assumptions, and therefore there is no material change to our $63 fair value estimate. Shares remain significantly undervalued at current prices.

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