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NTRA

Natera, Inc.

NTRA

NASDAQ·Healthcare·Medical - Diagnostics & Research·Mkt cap $39.6B

$276.43

+0.06%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$131.81 - $279.42

P/E

-169.59

Fwd P/E

-144.85

Beta

1.54

Div Yield

0.00%

Avg Vol

1.6M

Shares Out

141.7M

Mkt Cap

$39.6B

Price action

Price chart

Up 71.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

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

5 reasons

  • Proprietary cell-free DNA testing technology with established clinical validation
  • Comprehensive product portfolio spanning prenatal, reproductive, oncology, and transplant diagnostics
  • Extensive distribution network of 100+ laboratory partners enabling broad market access
  • Strategic partnerships with BGI Genomics and Foundation Medicine for product development
  • Cloud-based Constellation platform creating recurring revenue and customer lock-in

Bear Case

2 risks

  • Above-average volatility (beta 1.5).
  • Growth premium of 0.0x vs Life Sciences Tools peers. Reasonable for this growth rate.

Growth

Stable outlook

Expanding adoption of non-invasive prenatal testing (NIPT) as standard of care in obstetrics

Value

Growth premium of 0.0x vs Life Sciences Tools peers. Reasonable for this growth rate.

Momentum

Hot

+32.8% over 3m

Quality

Excellent

High-growth business (37% revenue growth, 65% 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: May 6, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of -$0.56 vs -$0.53 consensus (-5.7% surprise). Revenue of $696.6M vs $617.1M expected (+12.9%).

EPS miss
Rev beat +12.9%

EPS surprise · last 4Q

0 of 1 beats

Q2 26

-5.7%

Next: May 6, 2026

Revenue trend · last 8Q

+53%

+36%

+32%

+35%

+40%

+39%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$413.4M

$439.8M

$476.1M

$501.8M

$546.6M

$592.2M

$665.5M

$696.6M

Margins · last 8Q

Gross

64.8%

Operating

-13.4%

Profit

-12.2%

Wall Street consensus

8 analysts · 88% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

7

88%

Hold

1

13%

Sell

0%

Median Price Target

$265.00

-4.1% vs $276.43

Low $220.00
Median $265.00
High $290.00

Latest: Guggenheim · $290.00 · Jun 29, 2026

5 analysts covering

vs Industry

How NTRA stacks vs Medical - Diagnostics & Research

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

Industry comparison data unavailable for this stock.