---
title: "Chardan Capital maintains Buy rating on QumulusAI, $23 price target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300568540.md"
description: "Chardan Capital maintained a Buy rating on QumulusAI with a $23 price target, implying 252.2% upside from the Sep 29 close of $6.53. The firm cites strong revenue growth from two new three-year take-or-pay agreements worth over $240 million and highlights the company's strategy to capture market share in underserved small-to-mid-market segments."
datetime: "2026-09-30T11:57:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300568540.md)
  - [en](https://longbridge.com/en/news/300568540.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300568540.md)
generator: "portal-rs"
---

# Chardan Capital maintains Buy rating on QumulusAI, $23 price target

Chardan Capital maintained their Buy rating on QumulusAI's stock with a price target of $23.00.

The price target implies an upside of 252.2% from the Sep 29 close of $6.53.

**Key takeaways from the analyst note**

**Strong Revenue Growth from Secured Contracts**: QumulusAI has recently signed two significant three-year take-or-pay agreements totaling over $240 million in contract value, indicating robust demand for their GPU-powered cloud infrastructure solutions and providing a strong foundation for future revenue growth.

**Focus on Underserved Market Segments**: The company's strategy to target small to mid-market customers, alongside large enterprises, positions it uniquely in a space often overlooked by larger cloud providers, suggesting potential for substantial market share capture and customer loyalty in a growing sector.

Explore more price target data and ratings for QumulusAI on the .

**Disclaimer**

Select reference data provided by Benzinga. This information is not a recommendation for what you should do personally and does not constitute investment advice.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**