Northland Capital Downgrades Quantum Corp. to Hold
Northland Capital Markets downgraded Quantum Corporation to hold, setting a $13 price target, a 18.61% upside from the current price.
Key Points
- Northland Capital Markets downgraded Quantum Corporation to a hold rating with a $13 price target on June 26, 2026.
- Northland Capital Markets's $13 price target implies 18.61% upside from Quantum Corporation's ($QMCO) current $10.96 share price.
- Quantum Corporation's stock traded at $10.55 on Friday, with a market cap of approximately $189.3 million.
- Recent insider transactions included significant purchases and sales by Fichthorn John and Dialectic Technology SPV LLC on June 4, 2026.
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Northland Capital Markets has downgraded its rating on Quantum Corporation (NasdaqGM: QMCO) to hold, setting a price target of $13. The downgrade was announced on June 26, 2026, by analyst Nehal Chokshi. Shares of Quantum traded at approximately $10.55 on Friday.
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Analysts Set New Price Targets
On June 26, 2026, Northland Capital Markets downgraded Quantum Corporation to a hold rating, with a price target of $13. Previously, on June 3, 2026, Lake Street maintained its buy rating on the stock, setting a higher price target of $20. The consensus among analysts is a target mean price of $16.5, based on two opinions.
Quantum Corporation Stock Down 50.8%
Quantum Corporation's shares traded at $10.55 on Friday. The company, which operates in the technology sector and focuses on computer hardware, has a market capitalization of about $189.3 million. Quantum has a forward P/E ratio of -36.4, indicating it is not currently profitable. The stock's 52-week range has been between $4.19 and $18.48, with a 50-day moving average of $10.12 and a 200-day moving average of $8.25.
$QMCO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Quantum Corporation
On June 4, 2026, significant insider activity was reported at Quantum Corporation. John Fichthorn and Dialectic Technology SPV LLC both made substantial purchases of 11,020,645 shares at an average price of $5.19. Additionally, Fichthorn sold 57,241,228 shares on the same date, though the price for this transaction was not disclosed.
About Quantum Corporation
Quantum Corporation, headquartered in Centennial, Colorado, specializes in providing solutions for storing and managing digital video and unstructured data. The company offers a range of products, including all-flash and hybrid storage solutions, backup appliances, and tape storage systems. Quantum serves a global market, including the Americas, Europe, and Asia, and operates under the leadership of CEO Mr. Hugues Meyrath with approximately 635 employees.
Bottom Line
Northland Capital Markets' recent downgrade of Quantum Corporation to a hold rating reflects a cautious outlook, with a price target set at $13. Investors keep a close eye on such analyst updates as they can influence market perceptions. It's important to note that analyst ratings are forward-looking and based on various factors, including market conditions and company performance.
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