NTRA - Natera called a best idea at Piper Sandler after recent Hindenburg short call

Natera Inc. (NASDAQ:NTRA) was named a new best idea at Piper Sandler as the firm sees a "modest, if any" impact on Natera's P&L from matters talked about in the Hindenburg short report. Piper Sandler spoke to a "key opinion leader" on Friday who said the short report likely "grossly embellished" what happens in the lab industry and a former NTRA employee that said the company didn't cross "legal barriers" that he know of, according to Piper analyst David Westenberg.  "Although we think the stock has meaningful headline risk and potentially some legal overhang, we think Natera's underlying business, particularly Signatera, is too valuable for the stock to be trading below 3.5x our 2024 revenue estimates, and we name Natera our best idea," Westenberg, who has an overweight rating on the stock and cut his price target to $70 from $80, wrote in a note. Natera shares have dropped 28% since

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Natera called a best idea at Piper Sandler after recent Hindenburg short call