Tempus AI, Inc. (NASDAQ:TEM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Tempus AI, Inc. (NASDAQ:TEM) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $45.56.

Several equities research analysts have weighed in on TEM shares. Needham & Company LLC reissued a “buy” rating and issued a $47.00 price target on shares of Tempus AI in a report on Wednesday, August 7th. Bank of America assumed coverage on Tempus AI in a research note on Tuesday, July 9th. They issued a “buy” rating and a $41.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Tempus AI from $42.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. TD Cowen assumed coverage on Tempus AI in a report on Tuesday, July 9th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Longbow Research started coverage on Tempus AI in a report on Tuesday, July 9th. They set a “buy” rating and a $48.00 target price for the company.

Institutional Investors Weigh In On Tempus AI

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sandia Investment Management LP acquired a new position in shares of Tempus AI in the second quarter valued at approximately $136,000. Northwestern University purchased a new position in Tempus AI in the second quarter valued at $491,000. Squarepoint Ops LLC purchased a new stake in Tempus AI during the 2nd quarter worth about $633,000. WINTON GROUP Ltd acquired a new stake in Tempus AI in the 2nd quarter valued at about $634,000. Finally, Scientech Research LLC acquired a new position in shares of Tempus AI during the second quarter worth about $756,000.

Tempus AI Stock Performance

Shares of TEM stock opened at $54.43 on Friday. The stock has a 50-day moving average of $48.37. Tempus AI has a one year low of $22.89 and a one year high of $77.00.

Tempus AI (NASDAQ:TEM) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($6.77) earnings per share for the quarter, missing the consensus estimate of ($4.41) by ($2.36). The firm had revenue of $165.97 million for the quarter, compared to analysts’ expectations of $159.10 million. On average, equities analysts forecast that Tempus AI will post -6.51 EPS 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.