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Adaptive Biotechnologies (ADPT)
NASDAQ:ADPT
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Adaptive Biotechnologies (ADPT) Price & Analysis

1,076 Followers

ADPT Stock Chart & Stats

$22.27
-$0.14(-0.63%)
At close: 4:00 PM EDT
$22.27
-$0.14(-0.63%)

Bulls Say, Bears Say

Bulls Say
Durable MRD Revenue Growth And Clinical AdoptionSustained, broad-based adoption of clonoSEQ (rapid volume and clinician growth plus strong MRD revenue gain and raised MRD guidance) signals recurring, test-driven demand. Durable clinician adoption and higher ASPs imply repeatable unit economics and predictable volume tailwinds over the medium term.
High Sequencing Gross Margins With Scale ImprovementsImproving sequencing margins driven by newer NovaSeq X efficiency and pricing gains indicate durable unit-economics advantages. Higher gross margins create operating leverage as volumes scale, making future profitability less sensitive to revenue mix and supporting sustainable margin expansion over multiple quarters.
Growing Pharma Backlog And Research PartnershipsA sizable, growing backlog and nearly 200 active studies provide multi-period revenue visibility and de-risk commercialization timing. Strong pharma demand and partnerships embed the platform into drug development workflows, supporting durable service revenue and cross-sell potential as studies convert to sequencing and monitoring work.
Bears Say
Elevated Leverage And Weakened Capital StructureMaterial rise in debt relative to equity tightens financial flexibility and raises refinancing and interest-rate sensitivity. For an unprofitable biotech, elevated leverage constrains investment optionality, increases funding risk for strategic initiatives, and lengthens the path to self-sustaining operations if growth slows.
Ongoing Negative Free Cash Flow And Cash Burn RelianceAlthough cash burn has improved materially, persistent negative FCF requires continued external financing or meaningful cost cuts to reach self-funding. Continued dependency on capital markets raises execution risk and could force trade-offs between growth investments and near-term profitability targets if funding conditions tighten.
Revenue Concentration In A Single Product AreaHeavy reliance on MRD/clonoSEQ leaves revenue exposed to reimbursement shifts, competitive entrants, or clinical adoption changes. Limited near-term diversification means setbacks in MRD pricing, policy, or utilization would have outsized impact on company cash flow and growth durability.

Adaptive Biotechnologies News

ADPT FAQ

What was Adaptive Biotechnologies’s price range in the past 12 months?
Adaptive Biotechnologies lowest stock price was $10.65 and its highest was $24.96 in the past 12 months.
    What is Adaptive Biotechnologies’s market cap?
    Adaptive Biotechnologies’s market cap is $3.61B.
      When is Adaptive Biotechnologies’s upcoming earnings report date?
      Adaptive Biotechnologies’s upcoming earnings report date is Nov 05, 2026 which is in 91 days.
        How were Adaptive Biotechnologies’s earnings last quarter?
        Adaptive Biotechnologies released its earnings results on Jul 29, 2026. The company reported -$0.25 earnings per share for the quarter, missing the consensus estimate of -$0.134 by -$0.116.
          Is Adaptive Biotechnologies overvalued?
          According to Wall Street analysts Adaptive Biotechnologies’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Adaptive Biotechnologies pay dividends?
            Adaptive Biotechnologies does not currently pay dividends.
            What is Adaptive Biotechnologies’s EPS estimate?
            Adaptive Biotechnologies’s EPS estimate is -0.1.
              How many shares outstanding does Adaptive Biotechnologies have?
              Adaptive Biotechnologies has 160,044,390 shares outstanding.
                What happened to Adaptive Biotechnologies’s price movement after its last earnings report?
                Adaptive Biotechnologies reported an EPS of -$0.25 in its last earnings report, missing expectations of -$0.134. Following the earnings report the stock price went up 7.181%.
                  Which hedge fund is a major shareholder of Adaptive Biotechnologies?
                  Currently, no hedge funds are holding shares in ADPT
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Adaptive Biotechnologies

                    Adaptive Biotechnologies Corporation, founded in 2009 and headquartered in Seattle, Washington (operating as Adaptive TCR Corporation until its name change in December 2011), is a commercial-stage entity focused on pioneering an immune medicine platform. This advanced platform is engineered for the precise diagnosis and effective treatment of a broad spectrum of illnesses. The company offers several core technological solutions. Its immunoSEQ platform, a foundational immunosequencing product, is vital for translational research and discovering novel prognostic and diagnostic markers. For confirming past COVID-19 infections, Adaptive provides T-Detect COVID. Additionally, clonoSEQ functions as a critical clinical diagnostic tool, enabling the detection and continuous monitoring of minimal residual disease in individuals with multiple myeloma, B-cell acute lymphoblastic leukemia, and chronic lymphocytic leukemia; it is also available as a CLIA-validated laboratory-developed test for other lymphoid cancers. Another specialized offering, immunoSEQ T-MAP COVID, aids vaccine developers and researchers in quantifying T-cell immune responses to vaccines. Beyond its current product lineup, Adaptive Biotechnologies actively develops a pipeline of clinical products and services designed for the diagnosis, monitoring, and treatment of conditions such as cancer, autoimmune disorders, and infectious diseases. Its solutions cater to life science research, clinical diagnostics, and drug discovery applications. The company has established key strategic collaborations: one with Genentech, Inc., for the joint development, manufacturing, and commercialization of neoantigen-directed T-cell therapies aimed at treating various cancers; and another with Microsoft Corporation, dedicated to creating sophisticated diagnostic tests capable of identifying multiple diseases early from a single blood sample.

                    Adaptive Biotechnologies (ADPT) Earnings & Revenues

                    ADPT Company Deck

                    ADPT Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call portrays a company with strong, broad-based MRD momentum: double-digit revenue growth, volume records, margin expansion, a raised MRD revenue guide, growing backlog, and improving MRD profitability. Challenges are concentrated in the immune medicine business (declining revenue and losses), company-level net loss and elevated operating expenses, milestone lumpiness, and reimbursement/regulatory uncertainty. Taken together the positives—notably durable clinical adoption, pricing gains, margin improvement, a large and growing backlog, and a solid cash position—outweigh the negatives, which are largely isolated or acknowledged with mitigations in progress.View all ADPT earnings summaries

                    ADPT Stock 12 Month Forecast

                    Average Price Target

                    $25.07
                    ▲(12.58% Upside)
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<span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 13,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":12.84,"date":1756684800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":14.56,"date":1759276800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n           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15,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":16.24,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":18.39,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n    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                    Ownership Overview

                    3.05%22.22%2.95%56.42%
                    2.95% Other Institutional Investors
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