tiprankstipranks
Trending News
More News >

Spruce Point short Tempus AI, sees 50%-60% potential downside risk

Spruce Point Capital Management issued a report entitled, “The Tempest Surrounding Tempus AI (TEM)”, that outlines why the firm believes and estimates that shares of Tempus AI face up to 50%-60% potential downside risk, or $26.35 – $32.95 per share. Tempus Founder Eric Lefkofsky and his associates “have a history of promoting disruptive technology companies, cashing out early, and leaving public shareholders with losses or lackluster returns” and multiple board members and other executives “have been associated with troubled companies that restated financial results,” the firm stated. The firm believes the company’s recent financial guidance revision “reveals weakness in core operations” and that “owning shares of Tempus is a poor risk / reward,” Spruce Point added.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue