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Tempus AI price target raised to $68 from $48 at BofA

BofA analyst Michael Ryskin raised the firm’s price target on Tempus AI (TEM) to $68 from $48 and keeps a Neutral rating on the shares based on recent Q1 earnings and a higher multiple due to peer group multiple expansion. The firm cites the stock’s premium valuation as well as continuing debate on the true underlying growth rates of the various components of the business for its Neutral rating.

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