Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) saw an uptick in trading volume on Wednesday after Benchmark upgraded the stock to a strong-buy rating. 1,230,329 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 951,519 shares. The stock last traded at $7.2860 and had previously closed at $6.84.
A number of other equities analysts have also recently commented on the company. Williams Trading set a $16.00 target price on Pasqal in a report on Wednesday, September 30th. Zacks Research raised shares of Pasqal to a “hold” rating in a research report on Thursday, September 24th. Needham & Company LLC began coverage on shares of Pasqal in a research note on Wednesday, September 30th. They issued a “buy” rating and a $16.00 price objective for the company. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price objective on shares of Pasqal in a report on Monday, September 28th. Finally, UBS Group set a $16.00 target price on shares of Pasqal in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Pasqal has an average rating of “Buy” and an average price target of $16.80.
View Our Latest Analysis on Pasqal
Pasqal Price Performance
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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