As previously reported, Northland analyst Nehal Chokshi upgraded Quantum Corp (QMCO) to Outperform from Market Perform with an unchanged price target of $13. The firm estimates product bookings to be up about 30% year-over-year in the September quarter as the new CEO’s changes are already taking hold and it believes guidance that was well above its estimate is “likely conservative” given that product booking momentum has continued into the December quarter, the analyst tells investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QMCO:
- Quantum Corp upgraded to Outperform from Market Perform at Northland
- Quantum Corporation Reports Strong Q2 2026 Results
- Quantum reports Q2 adjusted EPS (54c), two estimates (28c)
- Quantum sees Q3 adjusted EPS (51c), plus or minus 10c, two estimates (17c)
- Quantum Corp enters MOU with Entanglement to port quantum logic, applications