QumulusAI (NASDAQ:QMLS) Earns “Buy” Rating from Chardan Capital

QumulusAI (NASDAQ:QMLS)‘s stock had its “buy” rating reaffirmed by stock analysts at Chardan Capital in a research report issued on Wednesday,Benzinga reports. They currently have a $24.50 target price on the stock. Chardan Capital’s target price would indicate a potential upside of 290.75% from the stock’s previous close.

Separately, Wall Street Zen upgraded QumulusAI to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $24.50.

QumulusAI Stock Performance

QMLS opened at $6.27 on Wednesday. QumulusAI has a 1-year low of $5.31 and a 1-year high of $38.00.

QumulusAI (NASDAQ:QMLS) last issued its earnings results on Tuesday, August 25th. The company reported ($0.72) EPS for the quarter.

QumulusAI Company Profile

QumulusAI is a cloud infrastructure company specializing in rapid deployment of graphics processing unit (“GPU”)-powered solutions for artificial intelligence (“AI”) applications, serving a critical market that is often overlooked by large-scale cloud providers (“hyperscalers”), which operate massive, standardized computing infrastructures primarily serving the largest enterprises. Our platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers—including machine learning teams, AI infrastructure startups, and research institutions—while also supporting the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity.