Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) traded up 8.5% on Tuesday after Benchmark upgraded the stock to a strong-buy rating. The company traded as high as $6.70 and last traded at $6.7140. 1,422,594 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 916,642 shares. The stock had previously closed at $6.19.
Several other equities research analysts have also recently commented on PSQL. Needham & Company LLC assumed coverage on Pasqal in a research report on Wednesday, September 30th. They set a “buy” rating and a $16.00 price objective on the stock. Roth Capital initiated coverage on shares of Pasqal in a research note on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Research raised shares of Pasqal to a “hold” rating in a report on Thursday, September 24th. Canaccord Genuity Group reiterated a “buy” rating and issued a $16.00 price target on shares of Pasqal in a research note on Monday, September 28th. Finally, UBS Group set a $16.00 price objective on shares of Pasqal in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $16.80.
View Our Latest Stock Analysis on PSQL
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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