Canaccord Genuity Group Initiates Coverage on Pasqal (NASDAQ:PSQL)

Investment analysts at Canaccord Genuity Group initiated coverage on shares of Pasqal (NASDAQ:PSQL) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $16.00 price target on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 114.19% from the company’s current price.

Separately, Roth Capital initiated coverage on shares of Pasqal in a report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $17.33.

Pasqal Trading Up 0.9%

Pasqal stock opened at $7.47 on Tuesday. Pasqal has a 52 week low of $7.00 and a 52 week high of $24.69.

Pasqal Company Profile

Pasqal is a quantum computing company focused on developing neutral-atom quantum processors and related software. Its technology uses individually controlled atoms as quantum bits, or qubits, with the goal of supporting scalable quantum computing for complex computational problems.

The company develops quantum hardware, control systems and software tools that enable customers and researchers to access and program its systems. Its offerings are intended for applications including optimization, quantum simulation, machine learning and other scientific or industrial workloads.