Tempus AI, Inc. (NASDAQ:TEM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) have received an average rating of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $48.67.

TEM has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and issued a $47.00 target price on shares of Tempus AI in a report on Wednesday, August 7th. Longbow Research initiated coverage on Tempus AI in a report on Tuesday, July 9th. They issued a "buy" rating and a $48.00 target price for the company. Morgan Stanley initiated coverage on Tempus AI in a report on Tuesday, July 9th. They issued an "overweight" rating and a $44.00 target price for the company. Loop Capital boosted their target price on Tempus AI from $48.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on Tempus AI from $42.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th.

Hedge Funds Weigh In On Tempus AI

Several institutional investors have recently added to or reduced their stakes in TEM. NEA Management Company LLC acquired a new position in Tempus AI during the 2nd quarter worth approximately $160,048,000. Novo Holdings A S acquired a new position in Tempus AI during the 2nd quarter worth approximately $142,605,000. Revolution Growth Management Company Inc. acquired a new position in Tempus AI during the 2nd quarter worth approximately $128,133,000. Alphabet Inc. acquired a new position in Tempus AI during the 2nd quarter worth approximately $54,289,000. Finally, Lingotto Investment Management LLP acquired a new position in Tempus AI during the 2nd quarter worth approximately $32,685,000.

Tempus AI Stock Down 2.1 %

NASDAQ TEM traded down $1.04 during trading on Thursday, reaching $48.01. 434,253 shares of the company's stock were exchanged, compared to its average volume of 1,158,418. The company has a debt-to-equity ratio of 4.50, a current ratio of 3.70 and a quick ratio of 3.52. The stock has a 50 day simple moving average of $51.99. Tempus AI has a 1 year low of $22.89 and a 1 year high of $77.00.

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

About Tempus AI

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.