Pasqal Holding SA (NASDAQ:PSQL) Stock Now Rated "Buy" by Wall Street Analysts

Key Points

• Pasqal has a consensus “Buy” rating from six analysts: four rate it Buy, one Strong Buy, and one Hold. The average 12-month price target is $16.00.
• Recent analyst actions include Needham initiating coverage with a Buy rating, Benchmark upgrading the stock to Strong Buy, and Zacks Research upgrading it to Hold.
• Shares opened at $5.24 and were trading down 5.1%, near the company’s 12-month low of $5.17 versus a high of $24.69.

Shares of Pasqal Holding SA (NASDAQ:PSQL - Get Free Report) have been assigned a consensus recommendation of "Buy" from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.00.

PSQL has been the topic of several recent research reports. Needham & Company LLC initiated coverage on Pasqal in a research report on Wednesday, September 30th. They set a "buy" rating and a $16.00 target price on the stock. Zacks Research upgraded Pasqal to a "hold" rating in a research note on Thursday, September 24th. UBS Group set a $16.00 price objective on Pasqal in a report on Tuesday, September 22nd. Benchmark upgraded Pasqal to a "strong-buy" rating in a research report on Tuesday, October 6th. Finally, Williams Trading set a $16.00 price objective on shares of Pasqal in a research report on Wednesday, September 30th.

Pasqal Trading Down 5.1%

NASDAQ PSQL opened at $5.24 on Friday. Pasqal has a 12-month low of $5.17 and a 12-month high of $24.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.04 and a current ratio of 2.22.

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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