Quantum

QMCO · NASDAQ

$18.99+$0.68 (+3.71%)TodayMarket closed · Oct 20, 7:56 PM ET

Prev close $18.31

QMCO analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 4 analysts

Average $27.03 (+42.3% upside)

Low: $24.24
Now: $18.99
High: $30.45

Upgrades and downgrades

The latest rating actions, newest first

QMCO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Lake Street	Sep 14, 2026	Maintains	Buy	$24.00 → $29.00	45%
Lake Street	Aug 11, 2026	Maintains	Buy	$20.00 → $24.00	45%
Northland Capital Markets	Jun 26, 2026	Downgrade	Outperform → Market Perform	$13.00	45%
Lake Street	Jun 3, 2026	Maintains	Buy	$8.00 → $20.00	45%
Lake Street	Mar 25, 2026	Initiates	Buy	$8.00	45%
Northland Capital Markets	Nov 14, 2025	Upgrade	Market Perform → Outperform	$13.00	45%

The case for and against

Updated May 1, 2025

Bull case

Quantum Corp's financial outlook shows a gross margin of 41.7%, a significant increase compared to previous quarters and consensus expectations, suggesting improved operational efficiency and favorable product mix. The company anticipates revenue growth reaching approximately $300 million by FY27, driven largely by a projected 5% growth in its product offerings alongside major advancements in its all-flash backup solutions, which have demonstrated increased market acceptance. Additionally, the upward revision of free cash flow estimates highlights the potential for profitability, further supporting a positive long-term financial trajectory for Quantum Corp.

Bear case

Quantum Corp reported a revenue decline of 7% year-over-year for the September quarter, totaling $70.5 million, which fell short of the midpoint guidance by $1.5 million, signaling potential concerns about future performance. The company has downgraded its full-year fiscal 2025 revenue forecast by 7% to $280 million and EBITDA expectations to $3 million, significantly lower than the consensus estimate of $10 million, indicating ongoing operational challenges. Additionally, despite a backlog that is above normal levels, issues in the tape market's continued decline and reliance on cost-cutting measures to enhance profitability suggest a strained financial outlook for Quantum Corp.

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