Pasqal (NASDAQ:PSQL) Stock Rating Upgraded by Zacks Research

Pasqal (NASDAQ:PSQL) was upgraded by Zacks Research to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Several other equities research analysts also recently issued reports on the stock. UBS Group set a $16.00 target price on shares of Pasqal in a research note on Tuesday. Roth Capital initiated coverage on Pasqal in a research report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Canaccord Genuity Group started coverage on Pasqal in a research note on Tuesday. They set a “buy” rating and a $16.00 target price for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Pasqal Price Performance

Shares of PSQL opened at $6.99 on Thursday. Pasqal has a one year low of $6.83 and a one 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.