Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.71, but opened at $14.81. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares shares last traded at $15.17, with a volume of 2,048,838 shares traded.
Analysts Set New Price Targets
A number of brokerages recently weighed in on XNDU. Weiss Ratings assumed coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Thursday, April 16th. They set a “sell (d-)” rating on the stock. Canaccord Genuity Group initiated coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Thursday, April 23rd. They issued a “buy” rating and a $45.00 target price for the company. Zacks Research upgraded shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares to a “hold” rating in a report on Tuesday, April 21st. Finally, Northland Securities started coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Monday, April 20th. They issued an “outperform” rating and a $43.00 price target on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares presently has an average rating of “Hold” and a consensus target price of $44.00.
Get Our Latest Stock Analysis on XNDU
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Stock Down 3.8%
About Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users. Xanadu is publicly listed under the ticker XNDU on both Nasdaq and the Toronto Stock Exchange.
Its technology stack combines integrated photonic hardware, control systems, and software designed to support quantum algorithms and applications in areas such as optimization, simulation, and quantum machine learning.
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