Class Action Lawsuit Announcement: The DJS Law Group is reminding investors of a class action lawsuit against Quantum Corporation for violations of the Securities Exchange Act, specifically related to false and misleading statements made by the company.
Class Period and Deadline: The class period for affected shareholders is from November 15, 2024, to August 18, 2025, with a deadline for participation in the lawsuit set for November 3, 2025.
Allegations Against Quantum: The lawsuit claims that Quantum Corporation improperly recognized revenue, leading to a restatement of prior financial statements, which rendered their public statements misleading.
Participation and Monitoring: Shareholders who register will be enrolled in a monitoring program for case updates, with no cost or obligation to participate, and the DJS Law Group emphasizes its expertise in securities class actions.
QMCO
$7.96+Infinity%1D
Analyst Views on QMCO
Wall Street analysts forecast QMCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QMCO is 11.50 USD with a low forecast of 10.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast QMCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QMCO is 11.50 USD with a low forecast of 10.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 7.730
Low
10.00
Averages
11.50
High
13.00
Current: 7.730
Low
10.00
Averages
11.50
High
13.00
Northland
Market Perform -> Outperform
upgrade
$13
2025-11-14
Reason
Northland
Price Target
$13
2025-11-14
upgrade
Market Perform -> Outperform
Reason
Northland upgraded Quantum Corp to Outperform from Market Perform with a $13 price target.
Northland
Nehal Chokshi
Market Perform -> Outperform
upgrade
$13
2025-11-14
Reason
Northland
Nehal Chokshi
Price Target
$13
2025-11-14
upgrade
Market Perform -> Outperform
Reason
As previously reported, Northland analyst Nehal Chokshi upgraded Quantum Corp to Outperform from Market Perform with an unchanged price target of $13. The firm estimates product bookings to be up about 30% year-over-year in the September quarter as the new CEO's changes are already taking hold and it believes guidance that was well above its estimate is "likely conservative" given that product booking momentum has continued into the December quarter, the analyst tells investors.
Lake Street
Hold
downgrade
$10 -> $9
2025-11-14
Reason
Lake Street
Price Target
$10 -> $9
2025-11-14
downgrade
Hold
Reason
Lake Street lowered the firm's price target on Quantum Corp to $9 from $10 and keeps a Hold rating on the shares. While noting that Quantum saw an improvement in sales execution in the quarter and that the company ended Q2 with a $25M backlog, one of the largest in recent history, the firm trimmed its estimates as it points out that the company is forecasting AEBITDA losses in three of the next five quarters.
Lake Street
Hold
downgrade
$20 -> $10
2025-09-15
Reason
Lake Street
Price Target
$20 -> $10
2025-09-15
downgrade
Hold
Reason
Lake Street lowered the firm's price target on Quantum Corp to $10 from $20 and keeps a Hold rating on the shares. Since the launch of its standby equity purchase agreement in Q4, Quantum has raised $83M in net proceeds that the company has used to pay off its revolver and bolster its working capital, says the analyst, who adds that the downside of the SEPA is the dilution of the equity base. The firm is lowering its price target based on a higher share count and a lower forecast, the analyst noted.
About QMCO
Quantum Corporation provides solutions for artificial intelligence (AI) and unstructured data. The Company's data platform has allowed customers to extract the maximum value from their unstructured data. It specializes in solutions for video, images, audio, and other large files. Its portfolio of products includes primary storage systems, secondary storage software and systems, as well as devices and media. Its products and services include high-performance platforms, Al-enabled workflow management, data protection and archiving, and services. Its high-performance platforms include Myriad all-flash file and object storage, StorNext file system, ActiveScale object storage, Network video recording server, and Unified surveillance platform. Its Al-enabled workflow management includes CatDV media asset management and Cloud-based analytics. Its data protection & archiving includes LTO Media, LTO Tape drives, Scalar tape libraries, and DXi backup appliance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
