Natera (NTRA) Gets a Buy Rating from Canaccord Genuity
In a report released today, Mark Massaro from Canaccord Genuity maintained a Buy rating on Natera (NTRA), with a price target of $44.00. The company’s shares closed last Monday at $39.22, close to its 52-week high of $39.53.
According to TipRanks.com, Massaro is a top 100 analyst with an average return of 22.9% and a 62.2% success rate. Massaro covers the Healthcare sector, focusing on stocks such as HTG Molecular Diagnostics, Meridian Bioscience Inc, and Castle Biosciences Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Natera with a $42.00 average price target, representing a 9.9% upside. In a report issued on October 11, Piper Jaffray also maintained a Buy rating on the stock with a $45.00 price target.
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Based on Natera’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $32.42 million. In comparison, last year the company had a GAAP net loss of $29.62 million.
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Natera, Inc. engages in the discovery, development, and commercialization of genetic testing services. It offers Panorama Non-Invasive Prenatal Test, Horizon Carrier Screening, Spectrum Pre-implantation Genetic Screening and Spectrum Pre-implantation Genetic Diagnosis, Anora Products of Conception and Non-Invasive Paternity Testing.