Tempus AI price target raised to $60 from $54 at BofA

BofA raised the firm’s price target on Tempus AI (TEM) to $60 from $54 and keeps a Neutral rating on the shares after the company reported Q4 results on February 24 in-line with their mid-Jan preannouncement. The company also raised FY25 revenue guidance about 1% to $1.24B from $1.23B, notes the analyst, who tweaked the firm’s estimates to account for the update.