IQM Quantum Computers (NASDAQ:IQMX) Rating Increased to Strong-Buy at BTIG Research

BTIG Research upgraded shares of IQM Quantum Computers (NASDAQ:IQMX) to a strong-buy rating in a report published on Monday,Zacks reports.

Several other research firms also recently commented on IQMX. Wall Street Zen raised shares of IQM Quantum Computers to a “hold” rating in a report on Saturday, August 29th. Rothschild & Co Redburn began coverage on shares of IQM Quantum Computers in a research report on Monday, July 27th. They set a “neutral” rating and a $12.88 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $16.44.

IQM Quantum Computers Stock Performance

IQM Quantum Computers stock opened at $10.26 on Monday. IQM Quantum Computers has a 12 month low of $8.74 and a 12 month high of $15.10. The business has a fifty day moving average of $10.32.

IQM Quantum Computers (NASDAQ:IQMX) last issued its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($1.37) earnings per share for the quarter. The company had revenue of $7.77 million for the quarter.

IQM Quantum Computers Company Profile

IQM Quantum Computers is a Finnish quantum-computing company that develops superconducting quantum processors and complete quantum-computing systems. Its offerings are designed for research institutions, universities, government organizations and commercial enterprises seeking access to quantum-computing capabilities.

The company provides on-premises quantum computers, quantum processing units and related software and services. It also supports customers through cloud-based access and partnerships intended to help organizations develop and test quantum applications in areas such as scientific research, optimization and simulation.

Founded in Finland in 2018 by quantum-technology researchers and entrepreneurs, IQM has expanded its operations across Europe, including locations in Finland, Germany, France and Spain.