H.C. Wainwright Maintains Buy Rating and Raises Price Target for Tempus AI
Analyst Yi Chen of H.C. Wainwright maintained a buy rating on Tempus AI and increased the price target from $66 to $68.
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Tempus AI has received certification under the European Union's In Vitro Diagnostic Regulation (IVDR) for its xR assay, a Class C in vitro diagnostic device used for solid tumor profiling.
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Analyst Yi Chen of H.C. Wainwright maintained a buy rating on Tempus AI and increased the price target from $66 to $68.
Tempus AI has entered into multi-year agreements with Bristol Myers Squibb and Pathos AI, securing $192.5 million in total cash commitments to support oncology and neurological drug development.