QumulusAI (NASDAQ:QMLS) Given New $13.00 Price Target at Chardan Capital

QumulusAI (NASDAQ:QMLS) had its price target lowered by Chardan Capital to $13.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

QMLS has been the subject of a number of other reports. Wall Street Zen lowered shares of QumulusAI from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. B. Riley Financial assumed coverage on shares of QumulusAI in a research report on Wednesday, October 21st. They issued a “buy” rating and a $11.00 price target on the stock. Weiss Ratings started coverage on shares of QumulusAI in a research note on Monday, October 12th. They set a “sell (e-)” rating on the stock. Zacks Research upgraded shares of QumulusAI to a “hold” rating in a research report on Friday, August 28th. Finally, Compass Point initiated coverage on shares of QumulusAI in a research report on Friday, October 16th. They set a “buy” rating and a $9.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.33.

QumulusAI Price Performance

NASDAQ QMLS opened at $3.22 on Wednesday. The company’s 50 day moving average price is $5.06. QumulusAI has a 1-year low of $2.58 and a 1-year high of $38.00.

QumulusAI (NASDAQ:QMLS) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.02). The business had revenue of $14.76 million during the quarter, compared to analyst estimates of $18.00 million. As a group, research analysts forecast that QumulusAI will post -2.71 EPS for the current fiscal year.

Trending Headlines about QumulusAI

Here are a few of the latest headlines about QMLS:

• Positive Sentiment: QumulusAI reaffirmed its target of 18 megawatts of contracted capacity by year-end and guided to $300 million in year-end forward ARR, signaling confidence in its growth plans. QumulusAI reaffirms year-end targets
• Positive Sentiment: B. Riley and Chardan maintained Buy ratings despite reducing their targets to $9 and $13, respectively—both above the recent $3.22 share price. The retained ratings offer some analyst support, though the cuts temper that signal. B. Riley rating Chardan target revision
• Negative Sentiment: Q3 results missed analyst expectations: QumulusAI reported a $0.29-per-share loss versus the expected $0.27 loss, and revenue of $14.76 million versus the $18 million consensus. The revenue shortfall is a key near-term pressure on the stock. QumulusAI Q3 results

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.