Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU – Get Free Report) were down 8.4% during trading on Wednesday . The stock traded as low as $15.29 and last traded at $15.50. Approximately 1,160,994 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 5,896,976 shares. The stock had previously closed at $16.93.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on XNDU shares. Canaccord Genuity Group assumed coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Thursday, April 23rd. They set a “buy” rating and a $45.00 price target on the stock. Northland Securities assumed coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research report on Monday, April 20th. They set an “outperform” rating and a $43.00 target price on the stock. Zacks Research upgraded Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares to a “hold” rating in a report on Tuesday, April 21st. Weiss Ratings raised Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen lowered Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares to a “strong sell” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.00.
Get Our Latest Report on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Price Performance
Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Company Profile
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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