Quantum (QMCO) Stock Forecast, Price Target & Predictions

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QMCO Stock Forecast

Quantum stock forecast is as follows: an average price target of $0.75 (represents a -74.83% downside from QMCO’s last price of $2.98) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

QMCO Price Target

The average price target for Quantum (QMCO) is $0.75 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $0.75 to $0.75. This represents a potential -74.83% downside from QMCO's last price of $2.98.

QMCO Analyst Ratings

Hold

According to 3 Wall Street analysts, Quantum's rating consensus is 'Hold'. The analyst rating breakdown for QMCO stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Quantum Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Jun 18, 2024	Eric Martinuzzi	Loop Capital Markets	$0.75	$0.39	93.55%	-74.83%
Mar 26, 2024	Eric Martinuzzi	Loop Capital Markets	$1.00	$0.65	53.85%	-66.44%

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The latest Quantum stock forecast, released on Jun 18, 2024 by Eric Martinuzzi from Loop Capital Markets, set a price target of $0.75, which represents a 93.55% increase from the stock price at the time of the forecast ($0.39), and a -74.83% decrease from QMCO last price ($2.98).

Quantum Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	2
Avg Price Target	-	-	$0.88
Last Closing Price	$2.98	$2.98	$2.98
Upside/Downside	-100.00%	-100.00%	-70.64%

In the current month, the average price target of Quantum stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Quantum's last price of $2.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Jun 18, 2024	Lake Street	Hold	Hold	Hold
Mar 26, 2024	Lake Street	Buy	Reduce	Downgrade
Jun 07, 2023	Lake Street	Buy	Buy	Hold
Jun 09, 2022	B. Riley Securities	Neutral	Neutral	Hold
Feb 11, 2022	B. Riley	-	Neutral	Downgrade

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Quantum's last stock rating was published by Lake Street on Jun 18, 2024. The company gave QMCO a "Hold" rating, the same as its previous rate.

Quantum Financial Forecast

Quantum Revenue Forecast

	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Mar 19	Mar 17	Mar 16
Revenue	-	-	-	-	-	-	-	-	-	-	-	$91.79M	$105.34M	$111.20M	$99.14M	$97.07M	$95.20M	$95.34M	$93.18M	$89.10M	$92.43M	$98.02M	$85.82M	$73.31M	$88.22M	$103.31M	$105.79M	$103.28M	$120.83M	$120.03M
Avg Forecast	$67.48M	$72.07M	$69.61M	$66.98M	$66.20M	$72.00M	$72.50M	$72.00M	$90.70M	$82.80M	$79.31M	$97.03M	$102.04M	$94.07M	$94.53M	$94.07M	$91.52M	$104.38M	$87.48M	$91.87M	$98.01M	$93.10M	$83.24M	$72.85M	$87.00M	$109.08M	$100.85M	$120.00M	$99.69M	$105.03M
High Forecast	$67.48M	$72.07M	$69.61M	$66.98M	$66.20M	$72.00M	$72.50M	$72.00M	$90.70M	$84.01M	$80.95M	$97.03M	$102.04M	$94.07M	$94.53M	$94.07M	$91.52M	$104.38M	$87.48M	$91.87M	$98.01M	$93.10M	$83.24M	$72.85M	$87.00M	$109.08M	$100.85M	$120.00M	$119.63M	$126.03M
Low Forecast	$67.48M	$72.07M	$69.61M	$66.98M	$66.20M	$72.00M	$72.50M	$72.00M	$90.70M	$81.59M	$77.66M	$97.03M	$102.04M	$94.07M	$94.53M	$94.07M	$91.52M	$104.38M	$87.48M	$91.87M	$98.01M	$93.10M	$83.24M	$72.85M	$87.00M	$109.08M	$100.85M	$120.00M	$79.75M	$84.02M
# Analysts	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	10	9	9	9	20	15
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.95%	1.03%	1.18%	1.05%	1.03%	1.04%	0.91%	1.07%	0.97%	0.94%	1.05%	1.03%	1.01%	1.01%	0.95%	1.05%	0.86%	1.21%	1.14%

Quantum's average Quarter revenue forecast for Sep 23 based on 2 analysts is $79.31M, with a low forecast of $77.66M, and a high forecast of $80.95M. QMCO's average Quarter revenue forecast represents a -13.59% decrease compared to the company's last Quarter revenue of $91.79M (Jun 23).

Quantum EBITDA Forecast

	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Mar 19	Mar 17	Mar 16
# Analysts	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	10	9	9	9	20	15
EBITDA	-	-	-	-	-	-	-	-	-	-	-	$-5.85M	$-10.21M	$3.29M	$-5.27M	$-3.02M	$-5.65M	$-4.55M	$-3.61M	$1.55M	$-10.60M	$6.71M	$4.48M	$-2.59M	$3.93M	$12.15M	$5.29M	$-13.02M	$2.41M	$-49.31M
Avg Forecast	$-99.47K	$-106.24K	$-102.61K	$-98.73K	$-97.59K	$-106.14K	$-106.88K	$-106.14K	$-9.27M	$-122.06K	$-116.91K	$-143.03K	$-9.91M	$-5.00M	$376.94K	$5.09M	$364.93K	$416.21K	$348.82K	$366.34K	$-10.60M	$371.23K	$331.90K	$-2.87M	$346.90K	$434.96K	$4.88M	$478.49K	$1.90M	$-42.27M
High Forecast	$-99.47K	$-106.24K	$-102.61K	$-98.73K	$-97.59K	$-106.14K	$-106.88K	$-106.14K	$-7.41M	$-120.28K	$-114.47K	$-143.03K	$-7.93M	$-4.00M	$376.94K	$6.10M	$364.93K	$416.21K	$348.82K	$366.34K	$-8.48M	$371.23K	$331.90K	$-2.29M	$346.90K	$434.96K	$5.85M	$478.49K	$2.28M	$-33.81M
Low Forecast	$-99.47K	$-106.24K	$-102.61K	$-98.73K	$-97.59K	$-106.14K	$-106.88K	$-106.14K	$-11.12M	$-123.83K	$-119.34K	$-143.03K	$-11.90M	$-6.00M	$376.94K	$4.07M	$364.93K	$416.21K	$348.82K	$366.34K	$-12.72M	$371.23K	$331.90K	$-3.44M	$346.90K	$434.96K	$3.90M	$478.49K	$1.52M	$-50.72M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	40.88%	1.03%	-0.66%	-13.98%	-0.59%	-15.47%	-10.92%	-10.36%	4.24%	1.00%	18.08%	13.50%	0.90%	11.34%	27.93%	1.08%	-27.21%	1.27%	1.17%

1 analysts predict QMCO's average Quarter EBITDA for Mar 23 to be $-9.91M, with a high of $-7.93M and a low of $-11.90M. This is -401.76% lower than Quantum's previous annual EBITDA (Dec 22) of $3.29M.

Quantum Net Income Forecast

	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Mar 19	Mar 17	Mar 16
# Analysts	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	10	9	9	9	20	15
Net Income	-	-	-	-	-	-	-	-	-	-	-	$-10.58M	$-13.61M	$-2.17M	$-11.94M	$-10.22M	$-7.81M	$-11.06M	$-9.25M	$-4.15M	$-17.46M	$-2.67M	$-4.59M	$-10.74M	$-3.84M	$4.75M	$-2.31M	$-9.41M	$-1.91M	$-52.40M
Avg Forecast	$-2.47M	$-1.29M	$-2.59M	$-3.67M	$-1.56M	$-4.00M	$-5.27M	$-8.15M	$-15.27M	$-2.88M	$-4.31M	$-958.60K	$-16.33M	$-12.17M	$-2.16M	$-130.00	$-6.47M	$718.88K	$-3.83M	$-718.88K	$-17.46M	$-1.60M	$-7.35M	$-11.87M	$1.28M	$12.14M	$-2.14M	$20.13M	$-1.51M	$-44.92M
High Forecast	$-2.47M	$-1.29M	$-2.59M	$-3.67M	$-1.56M	$-4.00M	$-5.27M	$-8.15M	$-12.21M	$-2.88M	$-4.31M	$-958.60K	$-13.06M	$-9.73M	$-2.16M	$-104.00	$-6.47M	$718.88K	$-3.83M	$-718.88K	$-13.97M	$-1.60M	$-7.35M	$-9.49M	$1.28M	$12.14M	$-1.71M	$20.13M	$-1.21M	$-35.93M
Low Forecast	$-2.47M	$-1.29M	$-2.59M	$-3.67M	$-1.56M	$-4.00M	$-5.27M	$-8.15M	$-18.32M	$-2.88M	$-4.31M	$-958.60K	$-19.59M	$-14.60M	$-2.16M	$-156.00	$-6.47M	$718.88K	$-3.83M	$-718.88K	$-20.95M	$-1.60M	$-7.35M	$-14.24M	$1.28M	$12.14M	$-2.56M	$20.13M	$-1.81M	$-53.90M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	11.03%	0.83%	0.18%	5.54%	78615.38%	1.21%	-15.39%	2.41%	5.78%	1.00%	1.67%	0.62%	0.90%	-3.00%	0.39%	1.08%	-0.47%	1.27%	1.17%

Quantum's average Quarter net income forecast for Mar 20 is $1.28M, with a range of $1.28M to $1.28M. QMCO's average Quarter net income forecast represents a -73.09% decrease compared to the company's last Quarter net income of $4.75M (Dec 19).

Quantum SG&A Forecast

	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Mar 19	Mar 17	Mar 16
# Analysts	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	10	9	9	9	20	15
SG&A	-	-	-	-	-	-	-	-	-	-	-	$28.54M	$30.68M	$27.31M	$27.53M	$28.28M	$28.25M	$27.25M	$26.93M	$25.78M	$24.00M	$26.40M	$23.42M	$23.13M	$24.26M	$26.14M	$29.15M	$34.94M	$39.51M	$37.06M
Avg Forecast	$20.07M	$21.43M	$20.70M	$19.92M	$19.69M	$21.41M	$21.56M	$21.41M	$20.98M	$24.62M	$23.59M	$28.85M	$22.44M	$29.98M	$28.11M	$28.28M	$27.22M	$31.04M	$26.02M	$27.32M	$24.00M	$27.69M	$24.75M	$25.57M	$25.87M	$32.44M	$26.90M	$35.69M	$31.13M	$31.76M
High Forecast	$20.07M	$21.43M	$20.70M	$19.92M	$19.69M	$21.41M	$21.56M	$21.41M	$25.18M	$24.98M	$24.07M	$28.85M	$26.93M	$35.97M	$28.11M	$33.93M	$27.22M	$31.04M	$26.02M	$27.32M	$28.80M	$27.69M	$24.75M	$30.68M	$25.87M	$32.44M	$32.27M	$35.69M	$37.36M	$38.12M
Low Forecast	$20.07M	$21.43M	$20.70M	$19.92M	$19.69M	$21.41M	$21.56M	$21.41M	$16.78M	$24.27M	$23.09M	$28.85M	$17.95M	$23.98M	$28.11M	$22.62M	$27.22M	$31.04M	$26.02M	$27.32M	$19.20M	$27.69M	$24.75M	$20.45M	$25.87M	$32.44M	$21.52M	$35.69M	$24.91M	$25.41M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.99%	1.37%	0.91%	0.98%	1.00%	1.04%	0.88%	1.04%	0.94%	1.00%	0.95%	0.95%	0.90%	0.94%	0.81%	1.08%	0.98%	1.27%	1.17%

Quantum's average Quarter SG&A projection for Sep 23 is $23.59M, based on 2 Wall Street analysts, with a range of $23.09M to $24.07M. The forecast indicates a -17.35% fall compared to QMCO last annual SG&A of $28.54M (Jun 23).

Quantum EPS Forecast

	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Mar 19	Mar 17	Mar 16
# Analysts	1	1	1	1	1	1	1	1	1	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	10	9	9	9	20	15
EPS	-	-	-	-	-	-	-	-	-	-	-	$-0.11	-	$-0.02	$-0.13	$-0.12	$-0.13	$-0.19	$-0.16	$-0.07	$-0.35	$-0.07	$-0.11	$-0.27	$-0.10	$0.12	$-0.06	$-0.26	$-0.06	$-1.60
Avg Forecast	$-0.52	$-0.27	$-0.54	$-0.77	$-0.33	$-0.83	$-1.10	$-1.70	$0.40	$-0.60	$-0.90	$-0.20	$-0.85	$-0.04	$-0.45	$-0.75	$-1.35	$0.15	$-0.80	$-0.15	$0.20	$-0.33	$-1.53	$-3.73	$0.27	$2.53	$1.13	$4.20	$0.02	$0.12
High Forecast	$-0.52	$-0.27	$-0.54	$-0.77	$-0.33	$-0.83	$-1.10	$-1.70	$0.40	$-0.60	$-0.90	$-0.20	$-0.85	$-0.04	$-0.45	$-0.75	$-1.35	$0.15	$-0.80	$-0.15	$0.20	$-0.33	$-1.53	$-3.73	$0.27	$2.53	$1.13	$4.20	$0.03	$0.14
Low Forecast	$-0.52	$-0.27	$-0.54	$-0.77	$-0.33	$-0.83	$-1.10	$-1.70	$0.40	$-0.60	$-0.90	$-0.20	$-0.85	$-0.04	$-0.45	$-0.75	$-1.35	$0.15	$-0.80	$-0.15	$0.20	$-0.33	$-1.53	$-3.73	$0.27	$2.53	$1.13	$4.20	$0.02	$0.10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	0.55%	-	0.62%	0.29%	0.16%	0.10%	-1.27%	0.20%	0.47%	-1.75%	0.21%	0.07%	0.07%	-0.37%	0.05%	-0.05%	-0.06%	-3.00%	-13.33%

According to 10 Wall Street analysts, Quantum's projected average Quarter EPS for Mar 20 is $0.27, with a low estimate of $0.27 and a high estimate of $0.27. This represents a 122.23% increase compared to QMCO previous annual EPS of $0.12 (Dec 19).

Quantum Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
INVE	Identiv	$3.71	$13.50	263.88%	Buy
RGTI	Rigetti Computing	$1.31	$3.00	129.01%	Buy
QBTS	D-Wave Quantum	$1.49	$2.75	84.56%	Buy
DM	Desktop Metal	$4.13	$5.25	27.12%	Hold
MKFG	Markforged	$4.23	$4.00	-5.44%	Hold
IONQ	IonQ	$27.89	$16.00	-42.63%	Buy
QMCO	Quantum	$2.98	$0.75	-74.83%	Hold

QMCO Forecast FAQ

Is Quantum a good buy?

No, according to 3 Wall Street analysts, Quantum (QMCO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of QMCO's total ratings.

What is QMCO's price target?

Quantum (QMCO) average price target is $0.75 with a range of $0.75 to $0.75, implying a -74.83% from its last price of $2.98. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Quantum stock go up soon?

According to Wall Street analysts' prediction for QMCO stock, the company can go down by -74.83% (from the last price of $2.98 to the average price target of $0.75), down by -74.83% based on the highest stock price target, and down by -74.83% based on the lowest stock price target.

Can Quantum stock reach $4?

QMCO's average twelve months analyst stock price target of $0.75 does not support the claim that Quantum can reach $4 in the near future.

What are Quantum's analysts' financial forecasts?

Quantum's analysts financial forecasts for the fiscal year (Mar 2025) are as follows: average revenue is $282.7M (high $282.7M, low $282.7M), average EBITDA is $-417K (high $-417K, low $-417K), average net income is $-18.98M (high $-18.98M, low $-18.98M), average SG&A $84.07M (high $84.07M, low $84.07M), and average EPS is $-3.96 (high $-3.96, low $-3.96). QMCO's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $276.14M (high $276.14M, low $276.14M), average EBITDA is $-407K (high $-407K, low $-407K), average net income is $-10.017M (high $-10.017M, low $-10.017M), average SG&A $82.12M (high $82.12M, low $82.12M), and average EPS is $-2.09 (high $-2.09, low $-2.09).

Did the QMCO's actual financial results beat the analysts' financial forecasts?

Based on Quantum's last annual report (Mar 2023), the company's revenue was $412.75M, beating the average analysts forecast of $384.72M by 7.29%. Apple's EBITDA was $-12.328M, beating the average prediction of $-9.451M by 30.44%. The company's net income was $-37.943M, beating the average estimation of $-30.65M by 23.80%. Apple's SG&A was $113.79M, beating the average forecast of $108.81M by 4.58%. Lastly, the company's EPS was $-0.42, missing the average prediction of $-2.087 by -79.88%. In terms of the last quarterly report (Jun 2023), Quantum's revenue was $91.79M, missing the average analysts' forecast of $97.02M by -5.40%. The company's EBITDA was $-5.847M, beating the average prediction of $-143K by 3988.01%. Quantum's net income was $-10.576M, beating the average estimation of $-959K by 1003.28%. The company's SG&A was $28.54M, missing the average forecast of $28.85M by -1.10%. Lastly, the company's EPS was $-0.11, missing the average prediction of $-0.2 by -45.00%