Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) shares saw unusually-strong trading volume on Wednesday after Benchmark upgraded the stock to a strong-buy rating. 1,230,329 shares were traded during mid-day trading, an increase of 29% from the previous session’s volume of 951,519 shares. The stock last traded at $7.2860 and had previously closed at $6.84.
Several other research firms have also commented on PSQL. Needham & Company LLC began coverage on Pasqal in a report on Wednesday, September 30th. They issued a “buy” rating and a $16.00 target price on the stock. Williams Trading set a $16.00 target price on shares of Pasqal in a report on Wednesday, September 30th. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 target price on shares of Pasqal in a report on Monday, September 28th. Roth Capital started coverage on shares of Pasqal in a research report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, UBS Group set a $16.00 price target on shares of Pasqal in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Pasqal currently has a consensus rating of “Buy” and an average target price of $16.80.
Read Our Latest Report on Pasqal
Pasqal Stock Up 7.5%
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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