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Northland Securities Keeps Their Buy Rating on Xanadu Quantum Technologies (XNDU)

Tipranks - Tipranks - Sat May 16, 8:44AM CDT

Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Xanadu Quantum Technologies today and set a price target of $43.00.

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Chokshi covers the Technology sector, focusing on stocks such as CoreWeave, Allot, and AvePoint. According to TipRanks, Chokshi has an average return of 25.1% and a 57.98% success rate on recommended stocks.

In a report released today, Canaccord Genuity also reiterated a Buy rating on the stock with a $45.00 price target.

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Based on Xanadu Quantum Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $695.9 thousand. In comparison, last year the company earned a revenue of $711 thousand and had a GAAP net loss of $10.85 million

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