QumulusAI (NASDAQ:QMLS) Research Coverage Started at Chardan Capital

Chardan Capital initiated coverage on shares of QumulusAI (NASDAQ:QMLS) in a report published on Wednesday, Marketbeat reports. The firm issued a buy rating and a $24.50 target price on the stock.

Separately, Wall Street Zen upgraded QumulusAI to a “hold” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, QumulusAI has a consensus rating of “Buy” and a consensus target price of $24.50.

QumulusAI Stock Up 1.2%

QMLS stock opened at $7.32 on Wednesday. QumulusAI has a 12 month low of $5.40 and a 12 month high of $38.00.

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.