TLDRStoneX analyst Gary Mobley launched coverage of Pasqal with a Buy recommendation and a $15 target price.The price objective suggests PSQL shares could surge approximately 140% from Tuesday’s closing level.Pasqal shares advanced roughly 1% to $6.26 during Tuesday’s session.The firm develops neutral-atom quantum computing systems and reported approximately €70.4 million in secured contracts at the halfway point of the year.Pasqal has taken the lead role in Q-PLANET, a €50 million European Union initiative to establish a quantum supply chain.Pasqal stock received an encouraging signal from Wall Street this week. Gary Mobley, an analyst at StoneX, kicked off his firm’s coverage of the quantum computing specialist on Tuesday with a Buy recommendation.Mobley’s $15 price objective represents approximately 140% upside from Tuesday’s closing price.PSQL shares edged up roughly 1% to $6.26 during Tuesday trading. The uptick coincided with the release of Mobley’s positive research note.Pasqal Holding S.A. Ordinary Share, PSQLPasqal completed its public market debut in late August via a business combination with a special purpose acquisition company. The stock has retreated from its initial levels, though Mobley appears undeterred by the near-term weakness.He characterized Pasqal as “one of only a handful of quantum companies generating commercial revenue from systems installed in customer data centers today.” In an industry where many players remain in experimental phases, this represents a critical competitive advantage.Needham adds confirmationMobley’s view finds support from another research shop. Only days before, Needham’s David Williams launched his own coverage with a Buy rating.Williams highlighted Pasqal as “one of the most commercially advanced neutral-atom quantum platforms.” Securing two bullish initiations within a week provides meaningful validation for a company that just began public trading.Pasqal’s technological architecture forms a cornerstone of the investment thesis. Unlike chip-based quantum systems favored by several rivals and U.S. government programs, the company employs neutral atoms manipulated by lasers as its qubits.CEO Wasiq Bokhari outlined the rationale in an August conversation with Barron’s. “You don’t have to manufacture a chip; we use individual atoms as our qubits,” he noted. He emphasized that atomic uniformity eliminates manufacturing defects and removes the need for physical interconnections between qubits.Mobley sees this architecture as a potential scaling advantage. He argues that neutral-atom platforms can sidestep the expense and engineering challenges that may constrain chip-based competitors as they attempt to expand.Revenue pipeline taking shapePasqal entered the second half of 2026 with approximately €70.4 million in secured and contracted business. About half represents commercial commitments, per Mobley’s analysis.Within that backlog, €12.5 million is scheduled for fulfillment during the year’s second half. That figure alone positions 2026 revenue to exceed Pasqal’s entire 2025 performance.Mobley tracks several quantum computing names in his research coverage, including IonQ, D-Wave Quantum, and Rigetti Computing. He doesn’t view the quantum sector as destined for monopoly dominance in the near term.Rather, he proposes that investors may benefit from diversified exposure across multiple quantum players while the technology continues developing. The field remains nascent, and no single company has achieved widespread commercial deployment at meaningful scale.On a separate front, Pasqal is spearheading the Q-PLANET European project. The three-year initiative has secured €50 million in funding and coordinates 28 organizations across 11 nations.The program aims to establish a European manufacturing ecosystem for neutral-atom quantum hardware, encompassing lasers and specialized chips. CTO Loïc Henriet remarked that Q-PLANET has progressed “from ambition to execution” just three months following its Brussels announcement.Pasqal’s responsibilities include advancing chip-integrated laser sources operating at 1013nm wavelength. The company will also participate in testing and certification of microfabricated vapor cells deployed in atomic clocks and precision sensors.The post Quantum Computing Firm Pasqal (PSQL) Earns $15 Target With 140% Upside Potential appeared first on Blockonomi.