Infleqtion (NYSE:INFQ) Upgraded to Strong-Buy at Wedbush

Infleqtion (NYSE:INFQ) was upgraded by analysts at Wedbush to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other brokerages have also recently weighed in on INFQ. Weiss Ratings began coverage on Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. BTIG Research began coverage on Infleqtion in a research note on Friday, April 10th. They set a “buy” rating and a $22.00 price objective for the company. UBS Group began coverage on Infleqtion in a research report on Wednesday, April 29th. They issued a “buy” rating on the stock. Wall Street Zen upgraded Infleqtion from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Citigroup initiated coverage on Infleqtion in a research note on Tuesday, April 14th. They issued a “buy” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.

Infleqtion Stock Up 6.9%

Shares of NYSE:INFQ opened at $13.68 on Friday. The firm has a market capitalization of $2.98 billion and a PE ratio of -151.96. Infleqtion has a 1-year low of $8.52 and a 1-year high of $27.50. The business’s fifty day simple moving average is $14.25.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) EPS for the quarter.

Insiders Place Their Bets

In related news, Director David B. Singer sold 6,369,163 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.69, for a total value of $93,563,004.47. Following the sale, the director directly owned 19,761 shares in the company, valued at $290,289.09. This trade represents a 99.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew John Kinsella sold 545,824 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $17.19, for a total value of $9,382,714.56. Following the transaction, the chief executive officer directly owned 545,824 shares in the company, valued at $9,382,714.56. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 28,161,988 shares of company stock valued at $443,111,218.

Trending Headlines about Infleqtion

Here are the key news stories impacting Infleqtion this week:

• Positive Sentiment: Wedbush initiated coverage of Infleqtion with an Outperform rating, calling the company a “hidden quantum gem” and suggesting significant upside from current levels. ‘A Hidden Quantum Gem’: Why Wedbush Thinks Infleqtion Stock Is Undervalued
• Positive Sentiment: Analysts said Infleqtion’s neutral-atom quantum approach could benefit from stronger government interest in quantum technology, especially after Trump’s recent quantum push. Infleqtion’s neutral atom quantum approach prompts Outperform initiation from Wedbush
• Positive Sentiment: Coverage highlights from multiple outlets point to the stock being “meaningfully mispriced,” with one report citing roughly 25% upside and another pointing to 56% upside potential. Top Wall Street Analyst Says This Quantum Computing Stock Is ‘Meaningfully Mispriced’— Sees 25% Upside As Trump’s Quantum Push Gathers Steam
• Neutral Sentiment: Recent comparison pieces on Infleqtion and its peers add background but do not appear to be a major stock-moving catalyst. Contrasting Infleqtion (INFQ) and Its Peers
• Negative Sentiment: Short interest climbed sharply in June, which could signal increased bearish betting against the stock even as the shares rally.

About Infleqtion

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.