Equities research analysts at Canaccord Genuity Group started coverage on shares of Pasqal (NASDAQ:PSQL – Get Free Report) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 118.88% from the stock’s previous close.
Separately, Roth Capital started coverage on Pasqal in a report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price target for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $18.00.
Check Out Our Latest Stock Analysis on Pasqal
Pasqal Stock Performance
Pasqal is a quantum computing company focused on developing neutral-atom quantum processors and related software. Its technology uses individually controlled atoms as quantum bits, or qubits, with the goal of supporting scalable quantum computing for complex computational problems.
The company develops quantum hardware, control systems and software tools that enable customers and researchers to access and program its systems. Its offerings are intended for applications including optimization, quantum simulation, machine learning and other scientific or industrial workloads.
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