Personalis slips as BTIG downgrades, sees no rival bid for Tempus deal
PSNL•Personalis shares fell about 2% after BTIG cut its rating to neutral from buy, saying Tempus AI is expected to complete its roughly $1.5 billion acquisition of Personalis in the coming months and that it sees no higher offer.
1. BTIG cuts rating
BTIG downgraded Personalis to neutral from buy and said Tempus AI is expected to complete its acquisition of Personalis in the coming months. The brokerage sees no higher offer despite a competitive bidding process; Tempus agreed to acquire Personalis in July 2026 in a deal valued at about $1.5 billion.
