Natera rises on annual revenue forecast raise, PT hikes

Natera

13/11/2024 15:11

** Genetic testing firm Natera's  NTRA.O  shares rise 17.9%
to $159 
    ** Co late on Tuesday forecast annual revenue between $1.61
bln and $1.64 bln, higher than previous estimate of $1.49 bln to
$1.52 bln 
    ** At least 9 brokerages raise PT
    ** Brokerage BTIG raises PT to $185 from $150, says, "Natera
knocks it out of the park, again - fundamentals of the business
keep improving"    
    ** Co reported Q3 rev of $439.8 mln compared with $268.3 mln
a year ago — an increase of 63.9% 
     ** NTRA says increase in total revenues driven by  64.4%
increase in product revenues, which were $436.1 mln in Q3 vs
$265.2 mln a year ago
    ** Processed about 775,800 tests in Q3, compared with about
626,000 tests a year ago - NTRA 
    ** Including session's moves, stock more than doubled YTD 

 (Reporting by Sneha S K)
 ((Sneha.SK@thomsonreuters.com;))