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ADPT

Adaptive Biotechnologies Corporation

ADPT

NASDAQ·Healthcare·Biotechnology·Mkt cap $3.9B

$24.28

-1.18%

P/E

-59.00

Mkt Cap

$3.9B

52-Wk Range

$12.00–$26.87

52-Week Range

$12.00 - $26.87

P/E

-59.00

Fwd P/E

-44.55

Beta

2.10

Div Yield

0.00%

Avg Vol

2.6M

Shares Out

154.0M

Mkt Cap

$3.9B

Price action

Price chart

Up 93.6% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary immune sequencing technology
  • Strategic technology partnerships
  • Comprehensive disease diagnostic platform
  • Advanced machine learning integration

Bear Case

1 risk

  • High volatility (beta 2.1). Larger-than-normal price swings expected.

Growth

Stable outlook

Expanding precision medicine market

Value

Trading at 0.0x Biotech & Therapeutics peers — a discount despite the growth profile.

Momentum

Hot

+45.4% over 3m

Quality

Excellent

High-growth business (50% revenue growth, 75% gross margin). Pre-profit but investing in growth.

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 4, 2026

Q3 26 RECAP

JUL 28, 2026

Reported EPS of -$0.25 vs -$0.13 consensus (-87.1% surprise). Revenue of $71.6M vs $65.4M expected (+9.3%).

EPS miss
Rev beat +9.3%

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-87.1%

Revenue trend · last 8Q

+4%

+25%

+36%

+102%

+51%

+35%

+22%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$46.4M

$47.5M

$52.4M

$58.9M

$94.0M

$71.7M

$70.9M

$71.6M

Margins · last 8Q

Gross

71.8%

Operating

-22.0%

Profit

-55.6%

Wall Street consensus

6 analysts · 83% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

83%

Hold

1

17%

Sell

0%

Median Price Target

$22.00

-9.4% vs $24.28

Low $22.00
Median $22.00
High $22.00

Latest: Piper Sandler · Aug 4, 2026

1 analyst covering

vs Industry

How ADPT stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.