Quantum-Si price target lowered to $4 from $5.50 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Quantum-Si (QSI) to $4 from $5.50 and keeps a Buy rating on the shares following the Q1 report. While management reported a slightly lower revenue compared to its expectation, certain segments of the business seem to have the potential to be growth drivers in the near-term, the analyst tells investors in a research note. The firm is confident in Quantum-Si’s “sustainable growth.”