Personalis price target raised to $7 from $5.50 at BTIG

BTIG raised the firm’s price target on Personalis (PSNL) to $7 from $5.50 and keeps a Buy rating on the shares. Shares of Personalis are up meaningfully again today following the news that the company favorably amended the terms of its collaboration with Tempus AI (TEM), the analyst tells investors in a research note. Tempus is seeing “exceptionally strong demand” in the early commercial launch of NeXT Personal, and thus has, increased the minimum number of tests to be run in the early launch, the firm says after speaking to Personalis this morning. BTIG believes the cash infusion to Personalis “derisks the business.”