Horizon Quantum Computing Pte. (NASDAQ:HQ) Price Target Cut to $19.00 by Analysts at Needham & Company LLC

Horizon Quantum Computing Pte. (NASDAQ:HQ) had its target price reduced by Needham & Company LLC from $20.00 to $19.00 in a report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the quantum computing company’s stock.

HQ has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Horizon Quantum Computing Pte. in a research note on Monday, September 14th. Wall Street Zen upgraded shares of Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Craig Hallum began coverage on shares of Horizon Quantum Computing Pte. in a research note on Monday, August 17th. They set a “buy” rating and a $21.00 target price on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Horizon Quantum Computing Pte. has a consensus rating of “Hold” and an average price target of $20.00.

Horizon Quantum Computing Pte. Stock Up 1.6%

HQ stock opened at $12.79 on Wednesday. Horizon Quantum Computing Pte. has a one year low of $8.29 and a one year high of $45.00. The firm has a 50-day moving average of $14.52 and a two-hundred day moving average of $15.37.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last released its quarterly earnings results on Tuesday, November 10th. The quantum computing company reported $0.55 earnings per share (EPS) for the quarter.

About Horizon Quantum Computing Pte.

Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases. Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc. (DMYY), which was formed to take a private company public through a business combination.