IQM Quantum Computers (NASDAQ:IQMX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of IQM Quantum Computers (NASDAQ:IQMX) to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Rothschild & Co Redburn assumed coverage on shares of IQM Quantum Computers in a research report on Monday, July 27th. They set a “neutral” rating and a $12.88 target price on the stock. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, IQM Quantum Computers has a consensus rating of “Hold” and an average price target of $12.88.

IQM Quantum Computers Stock Performance

IQM Quantum Computers stock opened at $10.49 on Friday. IQM Quantum Computers has a 12 month low of $9.00 and a 12 month high of $15.10.

IQM Quantum Computers (NASDAQ:IQMX) last posted its quarterly earnings results on Tuesday, August 4th. The quantum computing company reported ($1.37) earnings per share for the quarter. The business had revenue of $7.77 million for the quarter.

About IQM Quantum Computers

IQM Quantum Computers is a quantum computing company focused on developing superconducting quantum processors, quantum computers, and related software and services. The company works to make quantum technology available for research institutions, enterprises, and other organizations seeking to explore and apply quantum computing in practical settings.

Founded in Finland, IQM has positioned itself as a European developer in the quantum computing industry. Its offerings are centered on full-stack quantum computing solutions, including hardware, control systems, and cloud-based access to quantum resources, with an emphasis on helping customers experiment with and build quantum applications.

The company serves customers and collaborators in Europe and other international markets through its commercial and research relationships.