Pasqal Holding SA (NASDAQ:PSQL) Stock Has Average Target Price of $16.00 According to Analysts

Shares of Pasqal Holding SA (NASDAQ:PSQL) have earned a consensus rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.00.

PSQL has been the subject of a number of research reports. Benchmark raised shares of Pasqal to a “strong-buy” rating in a report on Tuesday, October 6th. UBS Group set a $16.00 target price on Pasqal in a research report on Tuesday, September 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price objective on shares of Pasqal in a research report on Monday, September 28th. Zacks Research raised shares of Pasqal to a “hold” rating in a report on Thursday, September 24th. Finally, Cantor Fitzgerald assumed coverage on Pasqal in a research report on Friday. They set an “overweight” rating and a $12.00 target price on the stock.

Pasqal Trading Down 5.1%

PSQL opened at $5.24 on Friday. Pasqal has a 52 week low of $5.17 and a 52 week high of $24.69. The company has a quick ratio of 2.04, a current ratio of 2.22 and a debt-to-equity ratio of 0.13.

Pasqal Company Profile

Pasqal is a quantum computing company headquartered in France that develops neutral-atom quantum processors and related software. Its systems use individually controlled atoms as qubits, with the aim of addressing complex computational problems that are difficult to solve with conventional computers.

The company provides access to its quantum computing technology through cloud-based platforms and works with customers and research organizations on applications including optimization, molecular and materials simulation, energy, logistics, finance, and machine learning.