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.
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