
ADAPTIVE BIOTECHNOLOGIES
ADPTNASDAQTrading Snapshot
- Day Range
- $24.99 โ $25.33
- 52-Week Range
- $11.85 โ $26.16
- Volume
- $1.92B
- Avg Volume
- $1.84B
- Shares Outstanding
- 159.1M
- Next Earnings
- Sep 22, 2026
Fundamentals Snapshot
- Annual Revenue
- $277M
- Last Q Revenue
- $72M
- P/E Ratio
- โ
- P/S Ratio
- 13.3x
- EPS (TTM)
- $-0.41
- Dividend Yield
- โ
Why Investors Own ADPT
- โHigh-growth profile โ revenue up +50.4% YoY with expanding US Equity exposure.
- โHealthy economics โ 75% gross margin and 21% free-cash-flow margin.
- โNew products and segments could unlock additional revenue streams.
Execution delays, intensifying competition, and valuation compression if growth decelerates.
Financial Trends
About 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.
Otter Score Breakdown
โAnalyst Ratings
โLatest News & Updates
Piper Sandler Maintains Overweight on Adaptive Biotechnologies, Raises Price Target to $27.5
Piper Sandler analyst David Westenberg maintains Adaptive Biotechnologies (NASDAQ:ADPT) with a Overweight and raises the price target from $20 to $27.5.

Adaptive Biotechnologies: The MRD Separation Creates A Pure-Play Compounder
Adaptive Biotechnologies (ADPT) pivots to pure-play MRD diagnostics as clonoSEQ adoption, margins & backlog surge.
Morgan Stanley Maintains Equal-Weight on Adaptive Biotechnologies, Raises Price Target to $22
Morgan Stanley analyst Tejas Savant maintains Adaptive Biotechnologies (NASDAQ:ADPT) with a Equal-Weight and raises the price target from $20 to $22.
TD Cowen Maintains Buy on Adaptive Biotechnologies, Raises Price Target to $28
TD Cowen analyst Dan Brennan maintains Adaptive Biotechnologies (NASDAQ:ADPT) with a Buy and raises the price target from $25 to $28.
Guggenheim Maintains Buy on Adaptive Biotechnologies, Raises Price Target to $25
Guggenheim analyst Subbu Nambi maintains Adaptive Biotechnologies (NASDAQ:ADPT) with a Buy and raises the price target from $22 to $25.

Adaptive Biotechnologies Corporation 2026 Q2 - Results - Earnings Call Presentation
2026-07-30. The following slide deck was published by Adaptive Biotechnologies Corporation in conjunction with their 2026 Q2 earnings call.