QumulusAI (NASDAQ:QMLS) Now Covered by Chardan Capital

Chardan Capital initiated coverage on shares of QumulusAI (NASDAQ:QMLS) in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage set a “buy” rating and a $24.50 price target on the stock. Chardan Capital’s price target indicates a potential upside of 300.98% from the stock’s current price.

Separately, Wall Street Zen raised shares of QumulusAI to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $24.50.

QumulusAI Trading Up 2.7%

NASDAQ:QMLS opened at $6.11 on Wednesday. QumulusAI has a twelve month low of $5.40 and a twelve month high of $38.00.

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.