Quantinuum (NASDAQ:QNT) Upgraded by Cantor Fitzgerald to Strong-Buy Rating

Quantinuum (NASDAQ:QNT) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also issued reports on QNT. Needham & Company LLC assumed coverage on Quantinuum in a research note on Monday. They issued a “buy” rating and a $100.00 target price on the stock. Mizuho started coverage on Quantinuum in a report on Monday. They issued an “outperform” rating and a $90.00 price objective for the company. Rosenblatt Securities began coverage on Quantinuum in a research note on Monday. They issued a “buy” rating and a $155.00 price objective on the stock. Wall Street Zen upgraded shares of Quantinuum to a “hold” rating in a research report on Saturday, June 20th. Finally, Craig Hallum assumed coverage on shares of Quantinuum in a research note on Monday. They issued a “buy” rating and a $100.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $98.75.

Quantinuum Stock Performance

Quantinuum stock opened at $72.84 on Monday. Quantinuum has a 12 month low of $50.10 and a 12 month high of $81.48.

Insider Activity at Quantinuum

In related news, insider Kevin Scott Dehoff bought 15,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $60.00 per share, for a total transaction of $900,000.00. Following the purchase, the insider directly owned 126,460 shares in the company, valued at $7,587,600. This trade represents a 13.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth D. Denman bought 14,000 shares of Quantinuum stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $60.00 per share, with a total value of $840,000.00. Following the acquisition, the director directly owned 19,833 shares in the company, valued at approximately $1,189,980. This represents a 240.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 411,032 shares of company stock worth $24,661,920 in the last 90 days.

Quantinuum News Summary

Here are the key news stories impacting Quantinuum this week:

• Positive Sentiment: Multiple firms initiated coverage on Quantinuum with bullish calls, including JPMorgan, Rosenblatt, Craig Hallum, Bank of America, Needham, Mizuho, and Sanford C. Bernstein, with several price targets implying meaningful upside. Analyst coverage and price targets
• Positive Sentiment: Rosenblatt was the most bullish, assigning a buy rating and a $155 target, signaling strong confidence in Quantinuum’s long-term growth potential. Rosenblatt coverage
• Positive Sentiment: Congressional trading activity also drew attention after Rep. Cleo Fields reportedly made a new quantum-related bet, adding to investor interest in the sector. Congressman Who Buys Magnificent Seven Stocks With Size Made New Quantum Bet
• Neutral Sentiment: Morgan Stanley initiated coverage with an equal weight rating and a $78 target, which is more cautious than peers but still above the recent trading level. Morgan Stanley coverage
• Negative Sentiment: Despite the bullish analyst wave, the stock has been falling, suggesting investors may be taking profits or reacting to valuation concerns after the sharp run-up in interest around quantum computing. Quantinuum stock falls: why is Wall Street bullish on the stock?

Quantinuum Company Profile

Quantinuum is a quantum computing company focused on developing hardware and software for commercial and scientific applications. The company provides access to its quantum systems, along with software tools and services designed to help customers explore use cases in areas such as optimization, materials science, chemistry, cybersecurity, and machine learning.

The company was formed through the combination of Honeywell Quantum Solutions and Cambridge Quantum in 2021. Quantinuum operates internationally and serves a range of customers across enterprise, government, and research markets.