Tempus AI price target raised to $74 from $52 at Loop Capital

Loop Capital raised the firm’s price target on Tempus AI (TEM) to $74 from $52 and keeps a Buy rating on the shares. The company’s Q4 results were consistent with its pre-announcement, and the firm maintains its belief that Tempus is a play on the precision medicine trends sweeping through health care, the analyst tells investors in a research note. Tempus AI should remain a long-term beneficiary of next-generation sequencing, which is at a tipping point as it rapidly becomes the standard of care, Loop added.