QumulusAI (NASDAQ:QMLS – Get Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Chardan Capital in a report issued on Wednesday, Benzinga reports. They presently have a $23.00 target price on the stock. Chardan Capital’s price objective would indicate a potential upside of 254.94% from the company’s previous close.
Several other research analysts have also recently weighed in on QMLS. Wall Street Zen raised QumulusAI to a “hold” rating in a research report on Saturday, July 25th. Zacks Research raised QumulusAI to a “hold” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.
QumulusAI Price Performance
QumulusAI (NASDAQ:QMLS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The company reported ($0.72) earnings per share (EPS) for the quarter. The business had revenue of $6.71 million during the quarter. On average, equities analysts anticipate that QumulusAI will post -2.71 EPS for the current fiscal year.
About QumulusAI
QumulusAI is a cloud infrastructure company specializing in rapid deployment of graphics processing unit (“GPU”)-powered solutions for artificial intelligence (“AI”) applications, serving a critical market that is often overlooked by large-scale cloud providers (“hyperscalers”), which operate massive, standardized computing infrastructures primarily serving the largest enterprises. Our platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers—including machine learning teams, AI infrastructure startups, and research institutions—while also supporting the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity.
Recommended Stories
- Five stocks we like better than QumulusAI
- AI Uncertainty Is Rising, But These 3 Chip ETFs Still Have Momentum
- Arhaus Has New Momentum—Could Other Furniture Stocks Be Next?
- Can Boxabl Turn Modular Homes Into AI Data Center Infrastructure?
- Up All Night: How Nasdaq’s 23-Hour Trading Could Wake Up Wall Street
Receive News & Ratings for QumulusAI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QumulusAI and related companies with MarketBeat.com's FREE daily email newsletter.
