Analysts at Needham & Company LLC started coverage on shares of Pasqal (NASDAQ:PSQL – Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Needham & Company LLC’s target price suggests a potential upside of 160.59% from the stock’s previous close.
A number of other research firms have also recently commented on PSQL. Roth Capital initiated coverage on shares of Pasqal in a research note on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price for the company. UBS Group set a $16.00 target price on Pasqal in a report on Tuesday, September 22nd. Zacks Research upgraded Pasqal to a “hold” rating in a research report on Thursday, September 24th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price target on shares of Pasqal in a research report on Monday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.
Read Our Latest Stock Analysis on Pasqal
Pasqal Trading Down 8.4%
Pasqal Company Profile
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.
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