Craig-Hallum assumed coverage of Natera with a Buy rating and $117 price target. The firm acknowledges that the stock has had a huge run over the past six months and that the current valuation probably assumes upside to numbers and positive catalysts. Nonetheless, Craig-Hallum remains bullish as it believes Natera is an incredibly well-run company, there is still a huge runway for revenue growth for years to come, and there is potential for positive near-term catalysts and upside to numbers.
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