Movement Alert｜Tempus AI Intraday Rise 5.69% in Regular Trading, post-earnings optimism supported by target-price increases

Market Focus11-09 22:39

On November 9, Tempus AI rose 5.69% in Regular Trading, trading at $79.529 per share, with turnover of $39.649 million.

The move followed continued support from stronger-than-expected third-quarter results, a full-year revenue outlook that came in at or slightly above consensus, and analyst target-price increases after the report.

Tempus AI previously reported third-quarter revenue of $411.5 million, above the $409.4 million expected by the market, while adjusted EPS was $0.07 versus expectations for a loss. Gross margin improved to 64.8% from 62.8% a year earlier. The company guided full-year revenue to $1.60 billion to $1.61 billion, with the high end modestly above consensus, and recent analyst actions included a target raised to $85 and a rating upgrade to Hold from Sell with a $70 target. These developments have continued to underpin sentiment around the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment