Analysts Set Tempus AI, Inc. (NASDAQ:TEM) Price Target at $45.56

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.56.

Several research firms recently commented on TEM. JPMorgan Chase & Co. lifted their target price on shares of Tempus AI from $42.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Needham & Company LLC reissued a "buy" rating and issued a $47.00 price objective on shares of Tempus AI in a research note on Wednesday, August 7th. Piper Sandler initiated coverage on Tempus AI in a report on Monday, August 12th. They issued a "neutral" rating and a $40.00 price objective for the company. Stifel Nicolaus assumed coverage on Tempus AI in a report on Tuesday, July 9th. They set a "buy" rating and a $45.00 target price on the stock. Finally, Longbow Research assumed coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a "buy" rating and a $48.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TEM. Sandia Investment Management LP bought a new stake in shares of Tempus AI during the second quarter worth about $136,000. Northwestern University acquired a new position in Tempus AI during the 2nd quarter valued at about $491,000. Squarepoint Ops LLC bought a new stake in Tempus AI during the 2nd quarter worth approximately $633,000. WINTON GROUP Ltd purchased a new stake in shares of Tempus AI in the second quarter worth approximately $634,000. Finally, Scientech Research LLC purchased a new stake in shares of Tempus AI in the second quarter worth approximately $756,000.

Tempus AI Stock Down 13.5 %

Shares of NASDAQ TEM traded down $9.24 during mid-day trading on Wednesday, hitting $59.23. 1,226,414 shares of the stock traded hands, compared to its average volume of 1,245,942. Tempus AI has a twelve month low of $22.89 and a twelve month high of $77.00. The firm's 50 day simple moving average is $41.71.

Tempus AI (NASDAQ:TEM - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($6.77) EPS for the quarter, missing analysts' consensus estimates of ($4.41) by ($2.36). The firm had revenue of $165.97 million during the quarter, compared to analysts' expectations of $159.10 million. On average, research analysts anticipate that Tempus AI will post -6.51 earnings per share for the current fiscal year.

Tempus AI Company Profile

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.