Pasqal (NASDAQ:PSQL) Upgraded at Benchmark

Benchmark upgraded shares of Pasqal (NASDAQ:PSQL) to a strong-buy rating in a report published on Tuesday,Zacks reports.

Several other research firms have also recently weighed in on PSQL. UBS Group set a $16.00 price target on Pasqal in a research note on Tuesday, September 22nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Pasqal in a research report on Monday, September 28th. Needham & Company LLC began coverage on Pasqal in a report on Wednesday, September 30th. They issued a “buy” rating and a $16.00 price objective for the company. Zacks Research raised Pasqal to a “hold” rating in a research report on Thursday, September 24th. Finally, Williams Trading set a $16.00 target price on shares of Pasqal in a research note on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Pasqal presently has a consensus rating of “Buy” and a consensus price target of $16.80.

Pasqal Stock Performance

PSQL stock opened at $7.18 on Tuesday. Pasqal has a 12-month low of $5.90 and a 12-month 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.