On November 3, Tempus AI rose 5.43% in Regular Trading, trading at $82.74 per share, with turnover of $61.49 million.

The latest identifiable catalyst was a rating action: Jefferies upgraded Tempus AI to Hold from Sell and set a $70 price target, following the company’s stronger-than-expected third-quarter results and a wave of analyst forecast increases.

Tempus AI reported third-quarter revenue of $411.5 million, up from $334.2 million a year earlier, versus consensus of $409.4 million, while adjusted EPS was $0.07, compared with expectations for a loss. The company also guided full-year revenue to $1.60 billion to $1.61 billion, around to slightly above consensus, and reported gross margin of 64.8% versus 62.8% a year earlier. Those results help explain why analysts turned more constructive even after some reports noted the stock had slipped premarket despite the earnings beat.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)