Quantum (NASDAQ:QMCO) Given New $32.00 Price Target at Cantor Fitzgerald

Quantum (NASDAQ:QMCO) had its price target boosted by equities research analysts at Cantor Fitzgerald from $29.00 to $32.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price indicates a potential upside of 88.35% from the company’s previous close.

A number of other analysts also recently issued reports on QMCO. Weiss Ratings reissued a “sell (d-)” rating on shares of Quantum in a research report on Monday, September 21st. Lake Street Capital set a $29.00 price target on Quantum and gave the stock a “buy” rating in a research note on Monday, September 14th. Wall Street Zen raised shares of Quantum from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Northland Securities upgraded Quantum from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research note on Tuesday, August 11th. Finally, Litchfield Hills Research assumed coverage on Quantum in a research report on Monday, August 10th. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Quantum Price Performance

NASDAQ QMCO opened at $16.99 on Tuesday. The company has a market cap of $669.58 million, a P/E ratio of -1.28 and a beta of 3.23. Quantum has a 12 month low of $4.19 and a 12 month high of $35.65. The company has a 50-day moving average of $23.95 and a 200-day moving average of $13.34.

Quantum (NASDAQ:QMCO) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The company had revenue of $89.63 million during the quarter, compared to analyst estimates of $82.30 million. Quantum has set its Q3 2027 guidance at 0.100-0.300 EPS. As a group, equities research analysts anticipate that Quantum will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Quantum

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. acquired a new stake in Quantum in the 2nd quarter worth $29,193,000. Two Seas Capital LP acquired a new stake in shares of Quantum during the 2nd quarter worth about $27,374,000. Manatuck Hill Partners LLC acquired a new stake in shares of Quantum during the 2nd quarter worth about $3,850,000. BlackRock Inc. bought a new position in Quantum during the 2nd quarter valued at about $3,003,000. Finally, Bank of America Corp DE lifted its holdings in Quantum by 730.5% during the 2nd quarter. Bank of America Corp DE now owns 170,130 shares of the company’s stock valued at $1,871,000 after purchasing an additional 149,645 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Quantum News Summary

Here are the key news stories impacting Quantum this week:

• Positive Sentiment: Revenue rose 42.9% year over year to $89.6 million, exceeding analyst expectations of about $82–84 million. Adjusted EPS of $0.25 also topped the roughly $0.12–$0.13 consensus. Quantum fiscal second-quarter results
• Positive Sentiment: Gross margin expanded to 41%, up 340 basis points year over year, and the company cited strong demand and a record order backlog—signs of improving operating momentum. Q2 earnings call highlights
• Positive Sentiment: Q3 guidance also came in ahead of consensus: revenue of $89–93 million versus an $85.5 million estimate, and EPS of $0.10–$0.30 versus an estimate of about $0.11. Q2 2027 earnings call transcript
• Neutral Sentiment: Cash and cash equivalents were reported at $67.4 million, while operating cash flow was $13.4 million. These provide liquidity, but do not eliminate concerns about profitability. Q2 financial details
• Negative Sentiment: Despite positive adjusted EPS, separate reported figures showed a $44.9 million net loss attributable to common shareholders, underscoring ongoing GAAP profitability concerns. Q2 financial details
• Negative Sentiment: Recent open-market sales by the CEO and two other executives may weigh on sentiment, though the reported transactions were relatively modest in size. Insider trading details

Quantum Company Profile

Quantum Corporation (NASDAQ: QMCO) provides data storage, management and protection solutions for organizations that generate and retain large volumes of unstructured data. Its offerings are designed to help customers store, protect, archive and access information across on-premises, cloud and hybrid environments.

The company’s product portfolio has included Scalar tape libraries and LTO tape storage products, DXi deduplication and backup appliances, and software-defined storage solutions such as ActiveScale object storage.