Chardan Capital Reiterates Buy Rating for QumulusAI (NASDAQ:QMLS)
by Kim Johansen · The Markets DailyQumulusAI (NASDAQ:QMLS – Get Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Chardan Capital in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $24.50 price objective on the stock. Chardan Capital’s target price would indicate a potential upside of 290.75% from the stock’s current price.
Separately, Wall Street Zen upgraded QumulusAI to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $24.50.
Check Out Our Latest Report on QumulusAI
QumulusAI Price Performance
Shares of QumulusAI stock opened at $6.27 on Wednesday. QumulusAI has a 12-month low of $5.31 and a 12-month high of $38.00.
QumulusAI (NASDAQ:QMLS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported ($0.72) earnings per share (EPS) for the quarter.
About QumulusAI
QumulusAI is a cloud infrastructure company specializing in rapid deployment of graphics processing unit (“GPU”)-powered solutions for artificial intelligence (“AI”) applications, serving a critical market that is often overlooked by large-scale cloud providers (“hyperscalers”), which operate massive, standardized computing infrastructures primarily serving the largest enterprises. Our platform delivers flexible, competitively priced, and customizable solutions for underserved small and mid-market customers—including machine learning teams, AI infrastructure startups, and research institutions—while also supporting the scale and complexity requirements of large enterprises, such as long-term deployments or supplemental on-demand compute capacity.