Tempus AI downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Tempus AI (TEM) to Neutral from Overweight with a price target of $55, up from $50. The company reported Q4 results in-line with the preannouncement and its 2025 guidance demonstrates “sustainable” data and service revenue, “encouraging” average selling price traction and ramping profitability, the analyst tells investors in a research note. However, the firm says the recent artificial intelligence headlines and Nancy Pelosi call option buying have driven increased retail interest and a 106% rally in the shares year-to-date. While JPMorgan continues to believe in Tempus AI’s “unique combination” of diagnostics and data, it sees the shares as fully valued on a relative basis after the recent stock run.