
Adaptive Biotechnologies (ADPT) Stock Forecast & Price Target
Adaptive Biotechnologies (ADPT) Analyst Ratings
Bulls say
Adaptive Biotechnologies Corp shows a promising financial outlook driven by anticipated annual average selling price (ASP) increases for its clonoSEQ product, projected to rise from $1,307 per test at year-end 2025 to as much as $1,700-$1,800 by 2029. The company's strategy to enhance utilization of clonoSEQ through an increased mix of blood testing, community oncology adoption, and growth in diffuse large B-cell lymphoma (DLBCL) testing, alongside its expected improvement in gross profits from improved sequencing margins, positions it for robust revenue growth. As clinical testing volumes expand and ASPs improve, the company’s financial position in the minimal residual disease (MRD) market is set to strengthen significantly, particularly in 2025.
Bears say
Adaptive Biotechnologies Corp is facing a negative outlook primarily due to a significant reduction in projected milestone revenue, with estimates for 2026 dropping to $8-9 million compared to $19.5 million in 2025, highlighting a conservative forecast amid uncertain growth. Additionally, the company's clinical milestone payments are expected to decline by 56% year-over-year, despite a forecasted volume growth of over 30% and a slight increase in average selling prices for clonoSEQ testing. Furthermore, flat revenue expectations from the Immune Medicine segment and a concerning statistic indicating that approximately 25% of patients who receive an ID test do not undergo subsequent MRD testing within the next year suggest ongoing challenges in sustaining revenue growth and profitability.
This aggregate rating is based on analysts' research of Adaptive Biotechnologies and is not a guaranteed prediction by Public.com or investment advice.
Adaptive Biotechnologies (ADPT) Analyst Forecast & Price Prediction
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