Guardant Health (GH) Jumps to New Record High on Earnings Blowout, Bullish Outlook

We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. Guardant Health Inc. (NASDAQ:GH) is one of the best-performing stocks on Thursday.

Guardant Health soared to a fresh record high on Thursday, as investors took heart from an impressive earnings performance and a higher growth outlook for the full-year period.

During the trading session, Guardant Health Inc. (NASDAQ:GH) jumped to its highest level of $95.88 before paring gains to end the day just up by 27.87 percent at $92.41 apiece.

In an updated report, Guardant Health Inc. (NASDAQ:GH) narrowed its net loss by 13.9 percent to $92.7 million from $107.7 million in the same period last year, while revenues jumped by 38.7 percent to $265 million from $191 million year-on-year, on the back of strong revenues across all its businesses.

Following the results, Guardant Health Inc. (NASDAQ:GH) raised its revenue guidance for the full-year period to a new range of $965 million to $970 million, versus the $915 million to $925 million targeted previously. The said numbers would represent growth of approximately 31 percent from the full-year 2024.

While we acknowledge the risk and potential of GH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GH and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.