Tempus AI (NASDAQ:TEM) Shares Gap Down – What’s Next?

Tempus AI, Inc. (NASDAQ:TEM) shares gapped down prior to trading on Monday . The stock had previously closed at $73.77, but opened at $69.78. Tempus AI shares last traded at $67.50, with a volume of 328,322 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $70.00 target price (up from $40.00) on shares of Tempus AI in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Tempus AI from $42.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Stifel Nicolaus cut Tempus AI from a “buy” rating to a “hold” rating and lifted their price target for the company from $45.00 to $65.00 in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $47.00 price objective on shares of Tempus AI in a report on Wednesday, August 7th. Finally, Bank of America lowered shares of Tempus AI from a “buy” rating to a “neutral” rating and raised their price target for the company from $45.00 to $60.00 in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.22.

Tempus AI Stock Performance

The company has a 50-day moving average of $50.90. The company has a debt-to-equity ratio of 8.17, a quick ratio of 2.55 and a current ratio of 2.69.

Institutional Trading of Tempus AI

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dakota Wealth Management acquired a new position in Tempus AI during the 3rd quarter valued at about $1,185,000. Davidson Kempner Capital Management LP bought a new stake in shares of Tempus AI during the 2nd quarter worth $2,271,000. NEA Management Company LLC acquired a new stake in Tempus AI during the 2nd quarter worth about $160,048,000. Exchange Traded Concepts LLC purchased a new stake in shares of Tempus AI in the 3rd quarter valued at approximately $3,458,000. Finally, Sculptor Capital LP purchased a new position in shares of Tempus AI during the second quarter valued at $5,085,000.

About Tempus AI

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.