Tempus AI downgraded to Hold from Buy at Stifel

Stifel downgraded Tempus AI (TEM) to Hold from Buy with a price target of $65, up from $45. The stock is up 100% since its debut and Tempus AI’s valuation now sits well above key comps, the analyst tells investors in a research note. Furthermore last week’s stock run follows a Q3 conference call that contained commentary suggesting that the 2025 outlook for the core business could be guided below the Street next quarter, the analyst tells investors in a research note. As such, Stifel says “this feels like a great time to move to the sidelines.”