Pasqal (NASDAQ:PSQL) Raised to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Pasqal to a “sell” rating, contrasting with the broader analyst consensus of “buy.”
• Other analysts remain optimistic: Benchmark issued a “strong buy,” Needham initiated coverage with a “buy” rating, and the consensus price target is $16.00.
• Pasqal shares opened at $5.23, near their one-year low of $5.04 and well below the one-year high of $24.69; the company develops neutral-atom quantum computing technology.

Pasqal (NASDAQ:PSQL - Get Free Report) was upgraded by Wall Street Zen to a "sell" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Needham & Company LLC started coverage on Pasqal in a report on Wednesday, September 30th. They set a "buy" rating and a $16.00 price objective on the stock. Benchmark raised Pasqal to a "strong-buy" rating in a report on Tuesday, October 6th. Zacks Research upgraded Pasqal to a "hold" rating in a research report on Thursday, September 24th. Williams Trading set a $16.00 price target on shares of Pasqal in a report on Wednesday, September 30th. Finally, UBS Group set a $16.00 price objective on shares of Pasqal in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $16.00.

Pasqal Stock Performance

Shares of PSQL stock opened at $5.23 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.22 and a quick ratio of 2.04. Pasqal has a 1 year low of $5.04 and a 1 year high of $24.69.

Pasqal Company Profile

Pasqal is a quantum computing company headquartered in France that develops neutral-atom quantum processors and related software. Its systems use individually controlled atoms as qubits, with the aim of addressing complex computational problems that are difficult to solve with conventional computers.

The company provides access to its quantum computing technology through cloud-based platforms and works with customers and research organizations on applications including optimization, molecular and materials simulation, energy, logistics, finance, and machine learning.

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