Bank of America downgraded Tempus AI (TEM) to "neutral" from "buy" with a $60 target price.

Bank of America has downgraded Tempus AI (NASDAQ: TEM) from "buy" to "neutral," setting a target price of $60, reflecting a potential upside of 13.06%. Despite this, firms like Needham & Company and JPMorgan Chase maintain "buy" ratings with higher targets. Tempus reported a quarterly loss of $6.77 EPS, missing estimates but achieving $165.97 million in revenue. Notable investments from large firms have recently increased in Tempus AI.

October 02, 2024
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