QumulusAI (NASDAQ:QMLS – Free Report) had its target price trimmed by B. Riley Financial from $11.00 to $9.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.
A number of other research analysts also recently commented on QMLS. Compass Point began coverage on QumulusAI in a research note on Friday, October 16th. They issued a “buy” rating and a $9.00 target price on the stock. Zacks Research raised QumulusAI to a “hold” rating in a research note on Friday, August 28th. Chardan Capital cut their price target on QumulusAI to $13.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings started coverage on QumulusAI in a report on Monday, October 12th. They set a “sell (e-)” rating for the company. Finally, Wall Street Zen cut QumulusAI from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, QumulusAI has an average rating of “Hold” and a consensus price target of $10.33.
Get Our Latest Research Report on QMLS
QumulusAI Price Performance
QMLS stock opened at $3.22 on Wednesday. The business has a 50 day moving average of $5.06. QumulusAI has a 12-month low of $2.58 and a 12-month high of $38.00.
QumulusAI (NASDAQ:QMLS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 10th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). The firm had revenue of $14.76 million for the quarter, compared to analyst estimates of $18.00 million. On average, research analysts expect that QumulusAI will post -2.71 earnings per share for the current fiscal year.
Key QumulusAI News
These are some of the QMLS news items that stood out recently:
- Positive Sentiment: B. Riley and Chardan maintained Buy ratings despite reducing their targets to $9 and $13, respectively—both above the recent $3.22 share price. The retained ratings offer some analyst support, though the cuts temper that signal. B. Riley rating Chardan target revision
- Negative Sentiment: Q3 results missed analyst expectations: QumulusAI reported a $0.29-per-share loss versus the expected $0.27 loss, and revenue of $14.76 million versus the $18 million consensus. The revenue shortfall is a key near-term pressure on the stock. QumulusAI Q3 results
- Negative Sentiment: Analysts cut their targets: B. Riley lowered its target from $11 to $9, while Chardan reduced its target from $23 to $13. The cuts suggest more cautious expectations, even though both firms kept Buy ratings.
QumulusAI Company Profile
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.
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