Pasqal (NASDAQ:PSQL) Upgraded to Hold at Zacks Research

Pasqal (NASDAQ:PSQL) was upgraded by equities researchers at Zacks Research to a “hold” rating in a report released on Thursday, Zacks reports.

PSQL has been the topic of several other reports. Roth Capital assumed coverage on shares of Pasqal in a report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price objective on the stock. UBS Group set a $16.00 target price on shares of Pasqal in a research report on Tuesday. Finally, Canaccord Genuity Group initiated coverage on Pasqal in a research note on Tuesday. They issued a “buy” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.33.

Pasqal Trading Down 4.8%

Shares of NASDAQ:PSQL opened at $6.99 on Thursday. Pasqal has a 1-year low of $6.83 and a 1-year high of $24.69.

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.