Tempus AI, Inc. (NASDAQ:TEM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Tempus AI, Inc. (NASDAQ:TEM) have been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $56.20.

A number of research firms recently commented on TEM. Guggenheim assumed coverage on shares of Tempus AI in a research note on Monday. They issued a “buy” rating and a $74.00 price objective for the company. Bank of America cut Tempus AI from a “buy” rating to a “neutral” rating and raised their target price for the stock from $45.00 to $60.00 in a research report on Wednesday, October 2nd. Stifel Nicolaus lowered Tempus AI from a “buy” rating to a “hold” rating and upped their price target for the company from $45.00 to $65.00 in a research report on Monday, November 11th. Piper Sandler restated a “neutral” rating and set a $70.00 price objective (up from $40.00) on shares of Tempus AI in a research report on Tuesday, November 12th. Finally, Loop Capital upped their target price on Tempus AI from $48.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

Institutional Trading of Tempus AI

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new stake in shares of Tempus AI during the 3rd quarter worth about $30,000. Sandia Investment Management LP bought a new stake in Tempus AI during the second quarter worth approximately $136,000. Vestor Capital LLC acquired a new position in Tempus AI during the third quarter valued at approximately $153,000. Stifel Financial Corp bought a new position in shares of Tempus AI in the third quarter valued at approximately $218,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in shares of Tempus AI in the third quarter valued at approximately $258,000. 24.22% of the stock is owned by institutional investors.

Tempus AI Stock Down 3.2 %

TEM stock opened at $45.00 on Friday. The firm’s 50-day moving average price is $53.18. The company has a quick ratio of 2.55, a current ratio of 2.69 and a debt-to-equity ratio of 8.17. Tempus AI has a one year low of $22.89 and a one year high of $79.49.

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.