Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a consensus “Moderate Buy” rating on Xanadu Quantum Technologies, with two buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $33.00.
• Recent analyst actions were mixed: CIBC initiated coverage with a $22 target and “sector outperform” rating, while Canaccord cut its target from $45 to $34 but maintained a buy rating.
• XNDU opened at $10.95 and has traded between $6.97 and $42.44 over the past year. Xanadu reported a quarterly loss of $0.14 per share on $1.51 million in revenue, and analysts expect a full-year loss of $0.54 per share.

Shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.00.

Several analysts have issued reports on XNDU shares. Wall Street Zen upgraded shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a "strong sell" rating to a "sell" rating in a research report on Saturday, June 20th. Canadian Imperial Bank of Commerce started coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research note on Tuesday, July 28th. They issued a "sector outperform" rating and a $22.00 target price for the company. Weiss Ratings cut Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Finally, Canaccord Genuity Group reduced their price target on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from $45.00 to $34.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Price Performance

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares stock opened at $10.95 on Friday. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a one year low of $6.97 and a one year high of $42.44. The stock has a fifty day moving average of $11.27. The company has a quick ratio of 25.09, a current ratio of 25.53 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of -26.07 and a beta of 14.94.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The quantum computing company reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $1.51 million during the quarter. Sell-side analysts expect that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.54 earnings per share for the current fiscal year.

About Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares

Xanadu Quantum Technologies Limited is a quantum computing company headquartered in Toronto, Canada, that develops photonics-based quantum hardware and software. The company focuses on building programmable photonic quantum processors that use light rather than superconducting qubits, and it provides cloud-based access to its systems for researchers and commercial users. Xanadu is publicly listed under the ticker XNDU on both Nasdaq and the Toronto Stock Exchange.

Its technology stack combines integrated photonic hardware, control systems, and software designed to support quantum algorithms and applications in areas such as optimization, simulation, and quantum machine learning.

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