Tempus AI stock upgraded at Piper Sandler (TEM:NASDAQ)

Tempus AI (TEM) stock rose 2% after Cantor Fitzgerald initiated coverage with an Overweight rating, citing undervaluation in its Data and Applications segment. The company ended a three-day losing streak. Cantor highlighted a valuation mismatch in the segment. TEM is a healthcare data and artificial intelligence company.

Piper Sandler upgraded Tempus AI (TEM) to Overweight with a $76 price target, citing the Personalis acquisition, INTerpath-001 study results, and FDA clearance of the xT CDx test. TEM shares rose 2.1-2.5% in premarket trading. Canaccord Genuity maintained a Buy rating with an $80 target.

Tempus AI Inc (TEM) shares rose 2.1% premarket after Piper Sandler upgraded it to Overweight with a $76 price target. Analyst David Westenberg cited three growth drivers, including the pending Personalis acquisition and FDA approval of tumor-only xT CDx. The previous Neutral rating was due to AI sentiment driving valuation.

Tempus AI stock rose 2.7% in pre-market trading after Piper Sandler upgraded it to Overweight with a $76 price target, citing growth catalysts. Canaccord Genuity reiterated its Buy rating and $80 target, praising the company's Personalis acquisition. Tempus AI reported Q2 profitability and raised 2026 revenue guidance to $1.6B. The move contrasts with broader market declines.

Investment banking & brokerage stocks reported Q2 earnings, with Piper Sandler (PIPR) revenues up 21.2% YoY, beating estimates. Perella Weinberg (PWP) revenues flat but beat estimates, while Houlihan Lokey (HLI) revenues down 15.6% YoY, missing estimates. LPL Financial (LPLA) revenues up 35.2% YoY, beating estimates. Stifel (SF) revenues up 13.2% YoY, beating estimates. Sector revenues beat consensus by 4.5%, with guidance 1.1% below.

Ark Invest's ARK Innovation ETF, managed by Cathie Wood, allocated $1.4B to three AI-related stocks: Tesla (TSLA) with a $595M position and $2,600 price target by 2029, Tempus AI (TEM) with a $402M position, and SpaceX (SPCX) with a $378M position. The ETF has $6.42B in assets under management.