QumulusAI’s (QMLS) Buy Rating Reiterated at Chardan Capital

Chardan Capital reissued their buy rating on shares of QumulusAI (NASDAQ:QMLS) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $24.50 price target on the stock.

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

QumulusAI Stock Performance

Shares of QMLS opened at $6.11 on Wednesday. QumulusAI has a fifty-two week low of $5.31 and a fifty-two week high of $38.00.

QumulusAI (NASDAQ:QMLS) last released its quarterly earnings data on Tuesday, August 25th. The company reported ($0.72) earnings per share for the quarter. The business had revenue of $6.71 million during the quarter.

About QumulusAI

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.