Shares of Tempus AI (TEM) are surging 5.11% in pre-market trading on Monday, following a series of positive analyst reports and increased price targets. The artificial intelligence company's stock is gaining momentum as Wall Street expresses confidence in its future prospects.
Leading the bullish sentiment, Guggenheim analyst Subbu Nambi reiterated a Buy rating on Tempus AI, setting a price target of $75.00. This optimistic outlook was further supported by JP Morgan, which raised its target price for the company from $55 to $60, signaling growing confidence in Tempus AI's potential.
While maintaining Hold ratings, both Piper Sandler and Stifel Nicolaus also set favorable price targets. Piper Sandler analyst David Westenberg established a $70.00 price target, while Stifel Nicolaus analyst Daniel Arias set a target of $65.00. These ratings, despite their neutral stance, still suggest significant upside potential for Tempus AI's stock, contributing to the positive market reaction.
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