Quantum (NASDAQ:QMCO) Stock Gets Price Target Increase from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised its Quantum price target from $29 to $32 and maintained an “overweight” rating, implying 88.35% upside from the prior close.
• Quantum reported quarterly adjusted EPS of $0.25 and revenue of $89.63 million, beating analyst estimates of $0.12 and $82.30 million, respectively.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $28.33, though one firm rates the stock “Sell.”

Quantum (NASDAQ:QMCO - Get Free Report) had its price target boosted by stock analysts at Cantor Fitzgerald from $29.00 to $32.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's price target suggests a potential upside of 88.35% from the company's previous close.

Several other analysts have also recently issued reports on QMCO. Northland Securities raised shares of Quantum from a "market perform" rating to an "outperform" rating and set a $24.00 price objective for the company in a research note on Tuesday, August 11th. Litchfield Hills Research assumed coverage on shares of Quantum in a research report on Monday, August 10th. They set a "buy" rating on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Quantum in a research note on Monday, September 21st. Lake Street Capital set a $29.00 target price on shares of Quantum and gave the company a "buy" rating in a report on Monday, September 14th. Finally, Wall Street Zen raised shares of Quantum from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.33.

Quantum Trading Up 17.4%

Shares of QMCO opened at $16.99 on Tuesday. The stock's 50 day moving average is $23.95 and its two-hundred day moving average is $13.34. Quantum has a 12 month low of $4.19 and a 12 month high of $35.65. The firm has a market cap of $669.58 million, a P/E ratio of -1.28 and a beta of 3.23.

Quantum (NASDAQ:QMCO - Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.13. The company had revenue of $89.63 million for the quarter, compared to analyst estimates of $82.30 million. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. Equities research analysts forecast that Quantum will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Quantum

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of Quantum during the second quarter worth about $372,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Quantum in the second quarter valued at about $381,000. Man Group plc acquired a new position in shares of Quantum during the second quarter worth about $755,000. Sona Asset Management US LLC acquired a new position in shares of Quantum during the first quarter worth about $333,000. Finally, State Street Corp raised its stake in shares of Quantum by 4.3% during the 2nd quarter. State Street Corp now owns 75,914 shares of the company's stock worth $835,000 after buying an additional 3,100 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Quantum

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Revenue rose 42.9% year over year to $89.6 million, exceeding analyst expectations of about $82–84 million. Adjusted EPS of $0.25 also topped the roughly $0.12–$0.13 consensus. Quantum fiscal second-quarter results
• Positive Sentiment: Gross margin expanded to 41%, up 340 basis points year over year, and the company cited strong demand and a record order backlog—signs of improving operating momentum. Q2 earnings call highlights
• Positive Sentiment: Q3 guidance also came in ahead of consensus: revenue of $89–93 million versus an $85.5 million estimate, and EPS of $0.10–$0.30 versus an estimate of about $0.11. Q2 2027 earnings call transcript
• Neutral Sentiment: Cash and cash equivalents were reported at $67.4 million, while operating cash flow was $13.4 million. These provide liquidity, but do not eliminate concerns about profitability. Q2 financial details
• Negative Sentiment: Despite positive adjusted EPS, separate reported figures showed a $44.9 million net loss attributable to common shareholders, underscoring ongoing GAAP profitability concerns. Q2 financial details
• Negative Sentiment: Recent open-market sales by the CEO and two other executives may weigh on sentiment, though the reported transactions were relatively modest in size. Insider trading details

Quantum Company Profile

Quantum Corporation NASDAQ: QMCO provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company's product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.

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