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Tempus AI initiated with a Buy at Canaccord

Canaccord initiated coverage of Tempus AI (TEM) with a Buy rating and $110 price target Tempus offers oncology testing for genomic profiling, data services and artificial intelligence applications, the analyst tells investors in a research note. The firm says the potential of AI deployment at scale in clinical practice could support “strong” long-term revenue growth for Tempus.

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