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B. Riley Securities Maintains Neutral Rating for Quantum: Here's What You Need To Know

B. Riley Securities has decided to maintain its Neutral rating of Quantum (NASDAQ:QMCO) and lower its price target from $4.00 to $2.75. Shares of Quantum are trading down 1.84% over the last 24 hours, at $2.13 per share. A move to $2.75 would account for a...

Benzinga · 06/09/2022 12:07

B. Riley Securities has decided to maintain its Neutral rating of Quantum (NASDAQ:QMCO) and lower its price target from $4.00 to $2.75.

Shares of Quantum are trading down 1.84% over the last 24 hours, at $2.13 per share.

A move to $2.75 would account for a 29.11% increase from the current share price.

About Quantum

Quantum Corp is a United States-based company engaged in providing scale-out storage, archive, and data protection for small businesses and large multinational enterprises. Its solutions capture, share, manage and preserve digital assets throughout the data lifecycle. The scale-out portfolio offerings enable customers to manage large unstructured data sets, provide ingest capabilities, real-time collaboration, scalability, and protection. It derives primary revenues from the products based on tape technology. A majority of the firm's revenue is generated in the Americas, with the rest coming from Europe and Asia-Pacific.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.