Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) shares rose 8.5% on Tuesday. The stock traded as high as $6.70 and last traded at $6.7140. Approximately 1,422,594 shares were traded during trading, an increase of 55% from the average daily volume of 916,642 shares. The stock had previously closed at $6.19.
Analyst Upgrades and Downgrades
PSQL has been the topic of several recent research reports. Roth Capital assumed coverage on shares of Pasqal in a research report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised shares of Pasqal to a “hold” rating in a research note on Thursday, September 24th. Williams Trading set a $16.00 price objective on Pasqal in a research report on Wednesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 target price on shares of Pasqal in a report on Monday, September 28th. Finally, UBS Group set a $16.00 price target on Pasqal in a research report on Tuesday, September 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Pasqal currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.
Check Out Our Latest Stock Report 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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