Quantum Corp Gets a Buy Rating from Roth Capital

By Carrie Williams

In a report released today, Brian Alger from Roth Capital reiterated a Buy rating on Quantum Corp (NYSE: QTM), with a price target of $12. The company’s shares opened today at $7.53.

According to TipRanks.com, Alger is a 5-star analyst with an average return of 29.2% and a 60.8% success rate. Alger covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Super Micro Computer, and Maxlinear Inc.

Quantum Corp has an analyst consensus of Moderate Buy, with a price target consensus of $12.

The company has a one year high of $9.20 and a one year low of $3.04. Currently, Quantum Corp has an average volume of 473.1K.

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Quantum Corp. engages in the manufacture of computer storage device. It provides solutions for storing and protecting information in physical, virtual and cloud environments. The company was founded by Joel N. Harrison and James M. McCoy in 1980 and is headquartered in San Jose, CA.