Shares of Tempus AI (TEM) are soaring 5.11% in pre-market trading on Monday, as the artificial intelligence company receives a boost from positive analyst actions. The stock's upward movement comes on the heels of several analyst reports, including a notable price target increase from a major financial institution.
JP Morgan has raised its target price for Tempus AI to $60 from $55, signaling increased confidence in the company's potential. This upward revision appears to be a key driver behind the stock's pre-market rally. Additionally, Guggenheim has reiterated its Buy rating on Tempus AI, with a particularly bullish price target of $75, further fueling investor optimism.
While some analysts remain cautious, with Piper Sandler and Stifel Nicolaus maintaining Hold ratings, their price targets of $70 and $65 respectively still suggest potential upside from current levels. This mixed but generally positive analyst sentiment seems to be contributing to the strong investor interest in Tempus AI shares as the trading week begins.
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