Natera, Inc. NTRA
- Market cap
- $59.2B
- P/E
- 0.0×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.52 | 7.35 | 8.60 | 11.08 | 16.87 | 82.63 | 26.10 | 35.02 | 58.53 | 125.38 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 13.80 | 14.76 | 29.62 | 40.92 | 112.93 | 129.09 | 92.07 | 63.94 | 175.63 | 246.90 |
High Price
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| 852 | 893 | 975 | 1,039 | 1,815 | 2,670 | 3,018 | 3,293 | 4,434 | 6,140 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 213 | 210 | 258 | 302 | 391 | 625 | 820 | 1,083 | 1,697 | 2,306 |
Revenue
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| 36.20% | 33.41% | 35.55% | 41.96% | 47.92% | 49.09% | 44.37% | 45.52% | 60.30% | 64.75% |
Gross Margin
|
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| (100) | (137) | (128) | (123) | (230) | (471) | (547) | (435) | (190) | (268) |
EBT
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| (47.14%) | (65.44%) | (49.61%) | (40.63%) | (58.73%) | (75.32%) | (66.67%) | (40.14%) | (11.18%) | (11.63%) |
EBT Margin
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| (100) | (138) | (128) | (125) | (230) | (472) | (548) | (435) | (190) | (208) |
Net Income
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| 8 | 8 | 8 | 9 | 15 | 20 | 23 | 26 | 31 | 44 |
Depreciation
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| 4.12 | 3.93 | 4.45 | 4.35 | 4.83 | 6.91 | 8.33 | 9.41 | 13.61 | 16.87 |
Revenue/Sh
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| (1.86) | (2.56) | (2.22) | (1.79) | (2.84) | (5.21) | (5.57) | (3.78) | (1.53) | (1.52) |
Earnings/Sh
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| (1.44) | (1.83) | (1.22) | (0.91) | (2.25) | (3.70) | (4.38) | (2.15) | 1.09 | 1.57 |
Cash Flow/Sh
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| (0.45) | (0.19) | (0.07) | (0.07) | (0.24) | (0.45) | (0.48) | (0.34) | (0.62) | (1.02) |
Capex/Sh
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| (1.88) | (2.02) | (1.29) | (0.98) | (2.49) | (4.15) | (4.87) | (2.49) | 0.47 | 0.56 |
Free CF/Sh
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| 2.06 | 0.48 | 0.56 | 4.01 | 6.00 | 7.21 | 7.17 | 6.66 | 9.59 | 12.52 |
Book Value/Sh
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| 52 | 53 | 58 | 70 | 81 | 91 | 98 | 115 | 125 | 137 |
Shares
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PE Ratio
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| 2.89 | 2.41 | 3.13 | 7.75 | 20.62 | 13.52 | 4.62 | 6.58 | 11.63 | 13.58 |
PS Ratio
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| 5.76 | 19.86 | 25.11 | 8.41 | 16.58 | 12.95 | 5.37 | 9.30 | 16.52 | 18.29 |
PB Ratio
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| 2.53 | 2.43 | 3.00 | 6.70 | 19.38 | 12.59 | 3.96 | 6.10 | 11.28 | 13.27 |
EV/Sales
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| (5.52) | (4.73) | (10.38) | (29.62) | (37.49) | (20.92) | (6.78) | (23.08) | 276.45 | 280.55 |
EV/FCF
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| (74) | (98) | (71) | (63) | (183) | (335) | (432) | (247) | 136 | 215 |
Op' Cash Flow
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| (23) | (10) | (4) | (5) | (20) | (41) | (48) | (39) | (77) | (139) |
Capex
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| (97) | (108) | (74) | (68) | (202) | (376) | (479) | (286) | 59 | 76 |
FCF
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| 78 | 75 | 127 | 343 | 664 | 874 | 901 | 951 | 1,032 | 1,056 |
Working Cap'
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| 50 | 123 | 124 | 124 | 253 | 330 | 362 | 363 | 80 | 80 |
Total Debt
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| (98) | 4 | (35) | (317) | (485) | (584) | (536) | (516) | (888) | (996) |
Net Debt
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| 106 | 25 | 32 | 279 | 486 | 653 | 706 | 765 | 1,195 | 1,712 |
Sh' Equity
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| (42.16%) | (64.72%) | (53.09%) | (29.34%) | (30.33%) | (43.50%) | (41.64%) | (30.66%) | (12.28%) | (10.26%) |
ROA
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| (710.26%) | (285.12%) | 0.00% | 0.00% | (10,224.90%) | (422.60%) | (199.67%) | (111.70%) | (45.18%) | (27.03%) |
ROIC
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| (68.90%) | (208.70%) | (445.14%) | (80.31%) | (60.07%) | (82.79%) | (80.62%) | (59.11%) | (19.42%) | (14.32%) |
ROE
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Natera, Inc. (NTRA) key facts
- Natera, Inc. (NTRA) is a Diagnostics & Research company in the Healthcare sector, listed on Nasdaq.
- Natera, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 35.9% from fiscal 2024.
- Natera, Inc. reported a net loss of $208.2 million, or a loss of $1.52 per share, for fiscal 2025.
- As of September 25, 2026, NTRA traded at $412.56, a market capitalization of $59.2 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 21.8× sales.
- Return on equity was −14.3% and debt-to-equity 0.04.
Natera, Inc. (NTRA) Latest News
23 Sep
Natera announced PMDA approval in Japan for Signatera as a companion diagnostic in muscle-invasive bladder cancer (MIBC) to guide adjuvant atezolizumab therapy, its second PMDA Signatera authorization in three months. A Japan launch is planned for the first half of 2027, with a second MRD indication expected to aid treatment decisions in the first year after surgery. Management cited growing MRD adoption in Japan and closer ties with the oncology community. The PMDA decision follows Signatera’s June 2026 colorectal cancer clearance in Japan and FDA approvals for Signatera as a CDx in MIBC. NCCN recently gave a Category 1 MRD-guided adjuvant atezolizumab recommendation, reinforcing MRD’s role. Japanese bladder cancer incidence is sizable, and broader MRD use could lift testing volumes and expand Natera’s international footprint. Expands Signatera’s international footprint and MRD adoption in a major market, with potential for meaningful MRD testing growth and revenue in Japan.
22 Sep
Natera's Signatera MRD test received PMDA approval in Japan as a companion diagnostic for guiding adjuvant atezolizumab in muscle-invasive bladder cancer (MIBC). The approval marks the test's second PMDA authorization in three months and its first MRD-focused CDx in Japan, following a June 2026 clearance in colorectal cancer. The decision is supported by data from the IMvigor011 phase III trial, which evaluated Signatera-guided adjuvant atezolizumab and involved more than 20 Japanese sites. A commercial launch in Japan is planned for the first half of 2027, contingent on final reimbursement and pricing. The move aligns with FDA approval of Signatera as a CDx for adjuvant atezolizumab in MIBC and NCCN's Category 1 MRD-guided adjuvant atezolizumab recommendation. Natera notes the Japanese bladder cancer burden and emphasizes its ongoing collaboration with the oncology community. Second PMDA approval expands Japan MRD CDx usage and supports timely commercialization for Signatera in MIBC, boosting regional growth and potential revenue.
Shares of Natera jumped 5.2% after Japan's Pharmaceuticals and Medical Devices Agency approved Signatera as a companion diagnostic for adjuvant atezolizumab in muscle-invasive bladder cancer. The clearance allows Signatera to guide treatment decisions in Japan, with a commercial launch planned for the first half of 2027. The stock later cooled to around $387.44, up about 4.5% on the session. The move follows a history of volatility; Natera posted a 38.8% year-over-year revenue increase to $696.6 million in Q1 2026 but widened GAAP losses to $0.60 per share, missing consensus EPS of $0.55. Year-to-date, it’s up roughly 69% and near a 52-week high, despite ongoing profitability concerns. Signatera's Japan approval could boost future adoption and revenue potential, but profitability path remains uncertain and impact is not immediate.
Natera’s Signatera cancer test won PMDA approval in Japan as a companion diagnostic for Tecentriq in muscle-invasive bladder cancer after surgery, with a commercial launch planned in the first half of 2027. It marks Signatera’s second Japanese approval and builds on FDA clearance elsewhere. Cantor Fitzgerald upgraded Omeros (OMER) to Overweight, forecasting peak Yartemlea sales of about $400 million and a $22 target, based on its potential to capture 30%-40% of the TA-TMA market after stem-cell transplants. Yartemlea posted $28.5 million in Q2 net sales, up from $9.9 million in Q1. NTRA and OMER shares moved higher—NTRA to record highs (+5%), OMER about +12%—as investors weighed regulatory momentum and long-term commercial potential. Retail sentiment on Stocktwits remained bearish for NTRA and neutral for OMER amid high trading volumes. Expansion into Japan broadens Signatera's international revenue potential, but the effect is long-term and not yet reflected in near-term results.
19 Sep
Natera (NTRA) stock rose 12.3% after presenting landmark lung cancer MRD data at IASLC 2026. Landmark lung cancer MRD data strengthens Natera's oncology positioning and growth outlook.
Natera (NTRA) stock fair value rises after Signatera progress and updated guidance prompt upward analyst revisions. Signatera advancements and guidance drive analyst revisions that lift fair value and market perception of Natera.
18 Sep
Natera's Signatera MRD test showed strong prognostic value in the largest minimal residual disease study conducted in lung cancer. Positive large-scale clinical validation of Signatera in lung cancer supports expanded adoption and revenue growth in oncology testing.
9 Sep
Natera (NTRA) attracts investors for three key reasons supporting its growth outlook. Positive investor sentiment factors for Natera may moderately lift market performance without major operational shifts.
1 Sep
Natera’s Signatera test receives strong clinical validation for minimal residual disease assessment in lymphoma patients through a new publication. Validation of Signatera for lymphoma MRD testing bolsters Natera's competitive edge in precision oncology.
28 Aug
Natera partners with Angiex to evaluate AGX101 response using Signatera. Partnership validates Signatera in new application but remains incremental to core operations.
Natera forms national partnership with Susan G. Komen to accelerate progress against breast cancer. Partnership boosts Natera's oncology visibility and potential test adoption without major financial shift.
27 Aug
Natera enters new MRD trial deal as Duquesne expands its stake in the company. New MRD trial deal advances Natera's oncology position while Duquesne stake expansion signals major investor support.
Natera partners with Angiex to evaluate patient response to Angiex's investigational nuclear-delivered antibody-drug conjugate using Signatera in clinical studies. Partnership extends Signatera use into new oncology trials with limited immediate revenue or market share effects.
24 Aug
Stanley Druckenmiller added Amazon and Alphabet in Q2, yet Natera remains his largest holding ahead of those names and Nvidia. Druckenmiller's top Natera stake may lift near-term investor sentiment without altering core operations.
23 Aug
Billionaire Stanley Druckenmiller has chosen Natera Inc. (NTRA) as his top holding for its cancer testing focus. Druckenmiller's top position adds investor visibility but does not alter Natera's fundamentals or operations.
17 Aug
Natera supports Kupando trial to advance ctDNA monitoring in cancer. Trial support validates ctDNA technology with moderate effects on Natera operations and positioning.
16 Aug
Natera (NTRA) guidance has risen, indicating its stock may be 49% undervalued. Raised guidance signals stronger future revenue and earnings potential that can lift NTRA valuation and investor sentiment.
Natera secures new trial collaboration, though questions persist on whether its valuation already reflects this development. New trial collaboration adds incremental research momentum for Natera but valuation concerns cap broader effects on trajectory.
15 Aug
Natera reported record Signatera test volumes and raised its financial outlook at the Canaccord conference. Record Signatera volumes and raised outlook indicate accelerating product adoption and stronger revenue trajectory for Natera.
Natera’s Q2 earnings call drew five key analyst questions covering operational results, product pipeline progress, competitive positioning, reimbursement trends, and growth outlook. Q2 earnings call questions address financial performance and strategy with moderately noticeable but not transformative effects on Natera’s trajectory.
13 Aug
Natera held its Q2 2026 earnings call, covering quarterly financial results, operational updates, and forward guidance. Quarterly earnings calls deliver financial metrics and guidance that can shift near-term sentiment and valuation.
Tempus AI secures FDA clearance that positions it for expanded insurance reimbursement on its oncology tests, intensifying competition for Natera in precision medicine and liquid biopsy markets. FDA win for rival Tempus AI introduces reimbursement tailwinds that could pressure Natera's market share and pricing power in oncology testing.
12 Aug
Natera supports new clinical trial assessing ctDNA dynamics with Latitude™ in advanced skin cancers. Trial support expands Natera's oncology diagnostic applications with moderate market positioning gains.
11 Aug
Natera advanced oncology milestones and launched new products in Q2, accelerating growth across its core testing and diagnostics operations. Oncology progress and fresh product launches point to major revenue expansion and stronger market positioning for Natera.
9 Aug
Natera shares surged 20.3% after a shelf filing and raised 2026 guidance. Raised 2026 guidance improves visibility into future revenue while shelf filing supports capital access without altering core operations.
7 Aug
Natera stock surges above profit-taking zone after reporting blowout quarterly results as an IBD 50 name. Blowout quarter lifts Natera stock above key resistance and signals stronger momentum ahead.
Natera posts blowout quarterly results that drive its IBD 50 stock into profit-taking territory. Blowout quarter triggers major stock movement and shifts investor sentiment on Natera's trajectory.
Natera, Inc. issued its Q2 2026 earnings call summary, covering quarterly financial results, operational updates, and forward-looking guidance. Earnings call details on results and outlook typically drive major shifts in investor views and company trajectory.
Natera reports record test volumes in Q2 2026 earnings call and raises full-year guidance on stronger demand across oncology and women's health segments. Record volumes plus raised guidance point to accelerating revenue growth and improved competitive positioning for Natera.
Natera Inc. released highlights from its Q2 earnings call, covering financial results, operational updates, and forward guidance for the period. Q2 earnings details and guidance typically move near-term stock sentiment and valuation without guaranteeing structural shifts.