Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) Upgraded at Wall Street Zen

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts have also issued research reports about the stock. Zacks Research upgraded shares of Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares to a “hold” rating in a report on Tuesday, April 21st. Northland Securities started coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research report on Monday, April 20th. They issued an “outperform” rating and a $43.00 price objective for the company. Weiss Ratings raised Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group assumed coverage on Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares in a research report on Thursday, April 23rd. They set a “buy” rating and a $45.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a consensus rating of “Hold” and a consensus target price of $44.00.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares Price Performance

NASDAQ:XNDU opened at $13.37 on Friday. Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares has a fifty-two week low of $6.97 and a fifty-two week high of $42.44. The firm’s 50 day moving average price is $17.77.

Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares (NASDAQ:XNDU) last posted its quarterly earnings data on Thursday, May 14th. The quantum computing company reported ($0.28) earnings per share for the quarter. The firm had revenue of $2.83 million for the quarter, compared to the consensus estimate of $0.70 million. On average, sell-side analysts expect that Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares will post -0.48 EPS for the current 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.