Shares of Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) traded up 8.5% during mid-day trading on Tuesday. The company traded as high as $6.70 and last traded at $6.7140. 1,422,594 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 916,642 shares. The stock had previously closed at $6.19.
Analyst Ratings Changes
PSQL has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 target price on shares of Pasqal in a research note on Monday, September 28th. UBS Group set a $16.00 price objective on shares of Pasqal in a research note on Tuesday, September 22nd. Needham & Company LLC initiated coverage on Pasqal in a research note on Wednesday, September 30th. They set a “buy” rating and a $16.00 price target for the company. Roth Capital assumed coverage on Pasqal in a research report on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Research upgraded shares of Pasqal to a “hold” rating in a research note on Thursday, September 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Pasqal has a consensus rating of “Moderate Buy” and a consensus target price of $16.80.
Check Out Our Latest Stock Report on Pasqal
Pasqal Stock Performance
About Pasqal
Pasqal is a quantum computing company focused on developing neutral-atom quantum technology. The company designs quantum processors that use individually controlled atoms as qubits, along with the hardware, control systems and software needed to operate quantum computers.
Its offerings include access to quantum computing systems through cloud-based platforms, as well as software tools and services intended to help organizations develop and run quantum algorithms. Pasqal targets applications such as optimization, simulation, machine learning, drug discovery, energy and financial modeling.
Founded in France in 2019 by Georges-Olivier Reymond, Pasqal serves research institutions, corporations and public-sector organizations.
Further Reading
- Five stocks we like better than Pasqal
- These 3 Stocks Got the Most Love From Analysts in September
- Record French Debt Could Create Opportunities for U.S. Market Operators
- InvenTrust’s Sell-Off Opens a Potential Entry Point
- Curaleaf’s Higher Aurora Bid Raises the Stakes in Cannabis Consolidation
Receive News & Ratings for Pasqal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pasqal and related companies with MarketBeat.com's FREE daily email newsletter.
