BTIG analyst Mark Massaro lowered the firm’s price target on Tempus AI (TEM) to $90 from $105 and keeps a Buy rating on the shares after its Q4 results. The company has a first mover advantage on its large data business, now with $1.1B in its backlog, and intends to keep making investments to further expand its leadership position, the analyst tells investors in a research note. BTIG adds however that its price target cut reflects some volatility in the stock market and some recent pullback in valuations.
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