BTIG Research started coverage on shares of IQM Quantum Computers (NASDAQ:IQMX – Free Report) in a report published on Monday, Marketbeat reports. The firm issued a buy rating and a $20.00 price objective on the quantum computing company’s stock.
A number of other research firms have also issued reports on IQMX. Wall Street Zen raised shares of IQM Quantum Computers to a “hold” rating in a research report on Saturday, August 29th. Rothschild & Co Redburn started coverage on shares of IQM Quantum Computers in a research note on Monday, July 27th. They issued a “neutral” rating and a $12.88 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IQM Quantum Computers has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.
View Our Latest Research Report on IQMX
IQM Quantum Computers Stock Down 3.9%
IQM Quantum Computers (NASDAQ:IQMX – Get Free Report) last posted its quarterly earnings results 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 during the quarter.
About IQM Quantum Computers
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.
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