William Blair analyst Andrew Brackmann has maintained their neutral stance on TEM stock, giving a Hold rating on October 22.
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Andrew Brackmann has given his Hold rating due to a combination of factors influencing Tempus AI, Inc. Class A’s current market position. The company’s third-quarter results were slightly better than expected, and management has expressed confidence in achieving approximately 25% revenue growth over the next three years. This optimism is supported by the company’s expanding genomics offerings, potential pricing improvements, and positive market trends.
However, despite these promising aspects, the stock may face some pressure as the market currently favors companies with more significant revenue beats. Additionally, other companies in the sector may present more attractive growth potential and similar valuations. While Tempus AI’s business fundamentals are strong, and there are potential growth drivers like MRD and Ambry, the timing and impact of these factors remain uncertain. Therefore, Brackmann maintains a cautious stance until there is clearer evidence of substantial upside potential.
In another report released on October 22, Piper Sandler also maintained a Hold rating on the stock with a $105.00 price target.
Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEM in relation to earlier this year.