Tempus AI's stock experienced a significant surge of 6.21% during intraday trading on Thursday. The healthcare-focused artificial intelligence company saw heightened investor activity following positive developments.
The upward movement appears to be driven primarily by Mizuho Securities initiating coverage of Tempus AI with an Outperform rating and a $100 price target. Analyst Bradley Bowers' bullish outlook has generated increased investor interest in the company's stock.
Additionally, the company recently announced a new HRD-RNA algorithm, an AI-driven tool designed to enhance the detection of homologous recombination deficiency in tumors. This algorithm analyzes gene expression to identify patients who could benefit from platinum-based chemotherapy or PARP inhibitors, with clinical availability planned for later this year.