The market's appetite for artificial intelligence (AI) stocks remains unyielding, and it doesn't seem poised to wane anytime soon. S of Tempus AI (TEM 3. 02%), for example, rose 7. 1% in April and 6.
8% in May, and continued to climb higher at a more rapid pace last month. According to data vided by S&P Global Market Intelligence, Tempus AI stock climbed 15. 2% in June.
In addition to a perspective on the critical report written the company that's AI solutions for healthcare applications, analysts' auspicious opinions on Tempus AI stock and the company's development vided motivation for investors.
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The critical report -- TD says there's nothing to see here; move along ing the release of a critical report by Spruce Point Capital Management Tempus AI in May, investors rushed to exit their positions.
But the selling activity reversed course in early June when investors learned that TD Cowen was unmoved by the report. According to Thefly.
Com, TD Cowen's analyst found "some of [the] stated concerns misleading or incorrect. "Another catalyst for the stock's rise last month came from the company's introduction of its Fuses gram.
An initiative to vide even greater individualized care for patients, the Fuses gram will grow the company's AI-assisted diagnostics and expand its comprehensive testing portfolio, using machine learning coupled with data from its expansive library.
Bullish sentiment from Wall Street helped Tempus AI stock sustain the gains it had logged throughout the month.
On June 25, an analyst from Bank of America raised the price target on Tempus AI stock to $70 from $68, and on June 30, Guggenheim raised its price target to $75 from $65.
For context, Tempus AI closed at $55. 18 on the last day of trading in May. Is now a good time to buy Tempus AI stock.
With s of Tempus AI climbing steadily over the past several months, it's reasonable for spective investors to question whether they've missed the boat.
At this point, though, it seems that this is hardly the case.
Tempus AI is early in its development, and the use of AI to vide individualized healthcare is a nascent industry that will ly boom in the coming years.
Naturally, Tempus AI stock will face some volatility as the company strives to overcome the hurdles that face growth companies.
Those with long horizons, however, would be well advised to give the stock a serious look, as there certainly remains plenty of potential for the stock to soar even higher.
Bank of America is an advertising partner of Motley Fool Money. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America.
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