Pasqal (NASDAQ:PSQL) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of Pasqal (NASDAQ:PSQL) to a hold rating in a report published on Thursday morning,Zacks reports.

PSQL has been the topic of several other reports. Roth Capital initiated coverage on Pasqal in a report on Wednesday, September 9th. They set a “buy” rating and a $20.00 price objective on the stock. Canaccord Genuity Group started coverage on Pasqal in a research note on Tuesday. They set a “buy” rating and a $16.00 target price for the company. Finally, UBS Group set a $16.00 price target on shares of Pasqal in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Pasqal currently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

Pasqal Price Performance

Shares of PSQL opened at $6.99 on Thursday. Pasqal has a one year low of $6.83 and a one year high of $24.69.

Pasqal Company Profile

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.