Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Receives $44.00 Consensus Target Price from Analysts

Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $36.6667.

A number of brokerages recently weighed in on XNDU. Canadian Imperial Bank of Commerce started coverage on shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research note on Tuesday. They issued a “sector outperform” rating and a $22.00 target price for the company. Wall Street Zen raised shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Canaccord Genuity Group assumed coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a report on Thursday, April 23rd. They set a “buy” rating and a $45.00 price target for the company. Weiss Ratings upgraded shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. Finally, Northland Securities assumed coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research report on Monday, April 20th. They issued an “outperform” rating and a $43.00 target price on the stock.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Stock Down 2.4%

Shares of NASDAQ XNDU opened at $10.76 on Tuesday. The stock’s fifty day moving average price is $12.41. The company has a current ratio of 14.35, a quick ratio of 14.05 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $3.21 billion, a PE ratio of -38.43 and a beta of 15.00. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a twelve month low of $6.97 and a twelve month high of $42.44.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) last posted its earnings results on Thursday, May 14th. The quantum computing company reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $2.83 million during the quarter, compared to analysts’ expectations of $0.70 million. On average, research analysts anticipate that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.48 EPS for the current fiscal year.

About Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares

Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users. Xanadu is publicly listed under the ticker XNDU on both Nasdaq and the Toronto Stock Exchange.

Its technology stack combines integrated photonic hardware, control systems, and software designed to support quantum algorithms and applications in areas such as optimization, simulation, and quantum machine learning.