In a report released today, Daniel Brennan from TD Cowen maintained a Buy rating on Adaptive Biotechnologies (ADPT – Research Report). The company’s shares closed yesterday at $4.29.
Brennan covers the Healthcare sector, focusing on stocks such as MDxHealth S.A. Sponsored ADR, Danaher, and Exact Sciences. According to TipRanks, Brennan has an average return of -3.7% and a 44.64% success rate on recommended stocks.
Currently, the analyst consensus on Adaptive Biotechnologies is a Strong Buy with an average price target of $10.67.
See today’s best-performing stocks on TipRanks >>
Based on Adaptive Biotechnologies’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $48.93 million and a GAAP net loss of $47.81 million. In comparison, last year the company earned a revenue of $43.66 million and had a GAAP net loss of $52.05 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Adaptive Biotechnologies (ADPT) Company Description:
Adaptive Biotechnologies Corp. engages in the development of an immune medicine platform. It harnesses the inherent biology of the adaptive immune system to transform the diagnosis and treatment of disease. Its products and services include immunoSEQ, clonoSEQ, cellular therapy, and vaccines. The company was founded by Chad Robins, Harlan Robins, and Chris Carlson in September 2009 and is headquartered in Seattle, WA.
Read More on ADPT:
- Adaptive Biotechnologies announces new collaboration with BeiGene
- Adaptive Biotechnologies Announces New Translational Collaboration to Measure Minimal Residual Disease with clonoSEQ® Assay Across BeiGene’s Lymphoid Malignancy Pipeline
- Adaptive Biotechnologies price target lowered to $10 from $13 at Morgan Stanley
- Adaptive Biotechnologies price target lowered to $13 from $14 at Piper Sandler
- Biotech Alert: Searches spiking for these stocks today
