Quantum BioPharma is trading 5.3% up now at $3.80 after Rodman & Renshaw initiated coverage on September 17, 2026, with a BUY rating and an US$8 price target.

  • The analyst coverage is unpaid, and Quantum BioPharma stated it provided no consideration for the report.
  • The move also follows the September 16 ArcStone-Kingswood presentation and recent FDA clearance for Lucid-MS Phase 2 trials.
  • Broader risk appetite is supportive, with biotechnology and major indexes higher; the initiation is the clearest company-specific catalyst.