Pasqal Holding SA (NASDAQ:PSQL – Get Free Report)’s stock price traded up 8.5% during trading on Tuesday after Benchmark upgraded the stock to a strong-buy rating. The company traded as high as $6.70 and last traded at $6.7140. Approximately 1,422,594 shares changed hands during trading, an increase of 55% from the average session volume of 916,642 shares. The stock had previously closed at $6.19.
PSQL has been the topic of a number of other reports. Williams Trading set a $16.00 price target on shares of Pasqal in a research report on Wednesday, September 30th. Needham & Company LLC began coverage on shares of Pasqal in a research note on Wednesday, September 30th. They issued a “buy” rating and a $16.00 price target on the stock. UBS Group set a $16.00 price objective on shares of Pasqal in a research report on Tuesday, September 22nd. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 price objective on shares of Pasqal in a report on Monday, September 28th. Finally, Zacks Research upgraded shares of Pasqal to a “hold” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $16.80.
View Our Latest Stock Report on PSQL
Pasqal Stock Performance
About Pasqal
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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