Equities researchers at Needham & Company LLC assumed coverage on shares of Pasqal (NASDAQ:PSQL – Get Free Report) in a report issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $16.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 160.59% from the stock’s current price.
Several other research firms have also commented on PSQL. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Pasqal in a research report on Monday. UBS Group set a $16.00 price target on shares of Pasqal in a report on Tuesday, September 22nd. Zacks Research raised shares of Pasqal to a “hold” rating in a research note on Thursday, September 24th. Finally, Roth Capital assumed coverage on Pasqal in a research note on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.
View Our Latest Stock Analysis on PSQL
Pasqal Price 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.
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