Benchmark upgraded shares of Pasqal (NASDAQ:PSQL – Free Report) to a strong-buy rating in a research report report published on Tuesday morning,Zacks reports.
Other equities analysts have also recently issued reports about the stock. Zacks Research upgraded shares of Pasqal to a “hold” rating in a research report on Thursday, September 24th. Williams Trading set a $16.00 target price on shares of Pasqal in a research note on Wednesday, September 30th. UBS Group set a $16.00 price target on shares of Pasqal in a report on Tuesday, September 22nd. Needham & Company LLC initiated coverage on Pasqal in a research note on Wednesday, September 30th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Pasqal in a report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pasqal currently has a consensus rating of “Buy” and a consensus target price of $16.80.
Check Out Our Latest Report on Pasqal
Pasqal Trading Up 10.5%
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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