Quantum Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Quantum stock has a target of 0.80, which predicts an increase of 111.08% from the current stock price of 0.38.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$0.80	$0.80	$0.80	$0.80
Change	+111.08%	+111.08%	+111.08%	+111.08%

* Price targets were last updated on Aug 9, 2023.

Analyst Ratings

The average analyst rating for Quantum stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	1	1	1	0
Buy	0	0	0	0	0	0
Hold	1	1	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	3	3	3	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
George Iwanyc Oppenheimer	Oppenheimer	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Apr 17, 2024
Nehal Chokshi Northland Capital Markets	Northland Capital Markets	Buy → Hold Downgrades $2.25 → $0.8	Buy → Hold	Downgrades	$2.25 → $0.8	+111.08%	Aug 9, 2023
Eric Martinuzzi Lake Street	Lake Street	Strong Buy Maintains $3 → $2	Strong Buy	Maintains	$3 → $2	+427.70%	Jun 7, 2023
Nehal Chokshi Northland Capital Markets	Northland Capital Markets	Buy Maintains $6 → $2.25	Buy	Maintains	$6 → $2.25	+493.67%	Jun 7, 2023
Nehal Chokshi Northland Capital Markets	Northland Capital Markets	Buy Maintains $7 → $6	Buy	Maintains	$7 → $6	+1,483.11%	Jun 9, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

381.04M

from 311.60M

22.28%

from 311.60M

Revenue Next Year

n/a

from 381.04M

EPS This Year

0.06

from -0.43

EPS Next Year

n/a

from 0.06

Year	2019	2020	2021	2022	2023	2024
Revenue	402.95M	349.58M	383.43M	422.08M	311.60M	381.04M
Revenue Growth	0.07%	-13.25%	9.68%	10.08%	-26.17%	22.28%
EPS	-0.14	-0.83	-0.32	-0.28	-0.43	0.06
EPS Growth	-	-	-	-	-	-
Forward PE	-	-	-	-	-	6.76
No. Analysts	-	-	-	-	-	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024
High	416.2M
Avg	381.0M
Low	347.1M

Revenue Growth

Revenue Growth	2024
High	33.6%
Avg	22.3%
Low	11.4%

EPS Forecast

EPS	2024
High	0.15
Avg	0.06
Low	-0.04

EPS Growth

EPS Growth	2024
High	-
Avg	-
Low	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.