Guardant Health: Strong Market Position and Optimistic Outlook with Raised Price TargetWe are pleased to see that Guardant demonstrated a 1-point improvement in overall sensitivity, and a significant 7-point improvement on stage 1 sensitivity, at the same level of specificity. We were hoping to see some, or any, improvement as a positive, and we believe today's update is a nice advancement of the company's leadership position in blood based testing. We have long regarded Guardant as the pioneer and market leader in liquid biopsy, so today's news further builds on our view. GH remains our and shares are up 96% YTD. As for why the stock is down 9% today, we think this does not make sense, and remind our readers that most investors and other analysts overreacted and misinterpreted GH's first ECLIPSE data readout as "terrible", which it was not.