In mid-August, around two months after Tempus AI’s (NASDAQ: TEM) initial public offering (IPO), the stock was up a marvelous 93%. However, shares have experienced wild volatility and are now 8% below their opening price of $37 as of the Dec. 18 close.
Overall, Wall Street analysts seem to believe shares have fallen much too far. The average price target implies shares could rise 74% from their Dec. 18 closing price. A recently released $74 price target from Guggenheim is particularly bullish. It indicates over double-bagger upside. So, is the plummeting share price of Tempus an opportunity to get in on the dip? I’ll provide a brief overview of Tempus AI’s business and the progress it has made since going public and give my overall take on the name.
