Pasqal (NASDAQ:PSQL) Research Coverage Started at Needham & Company LLC

Needham & Company LLC initiated coverage on shares of Pasqal (NASDAQ:PSQL) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $16.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Research upgraded Pasqal to a “hold” rating in a research report on Thursday, September 24th. Roth Capital started coverage on Pasqal in a report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price target for the company. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price target on shares of Pasqal in a report on Monday, September 28th. Finally, UBS Group set a $16.00 price target on Pasqal in a research note on Tuesday, September 22nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.80.

Pasqal Price Performance

Shares of Pasqal stock opened at $6.05 on Wednesday. Pasqal has a 52-week low of $5.90 and a 52-week high of $24.69.

Pasqal Company Profile

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.