Northland Capital Markets Maintains Outperform Rating for Quantum: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Northland Capital Markets maintains its Outperform rating for Quantum (NASDAQ:QMCO) but lowers its price target from $6.00 to $2.25. Quantum's shares are currently trading at $1.06.

June 07, 2023 | 5:01 pm
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Northland Capital Markets maintains Outperform rating for Quantum (NASDAQ:QMCO) and lowers price target from $6.00 to $2.25, a potential 112.26% increase from the current share price.
The maintained Outperform rating by Northland Capital Markets indicates that they still believe Quantum's stock will outperform the market in the short term. However, the lowered price target from $6.00 to $2.25 suggests that they have adjusted their expectations for the stock's potential upside. This news is likely to have a positive impact on Quantum's stock price in the short term, as it shows that analysts still have confidence in the company's performance, despite the lowered price target.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100