Quantinuum (NASDAQ:QNT) Stock Rating Reaffirmed as “Buy” by Rosenblatt Securities

Quantinuum (NASDAQ:QNT)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a research report issued on Thursday, Benzinga reports. They currently have a $155.00 target price on the stock. Rosenblatt Securities‘s target price would indicate a potential upside of 324.66% from the stock’s current price.

A number of other equities research analysts have also issued reports on QNT. Yorkville Ives began coverage on shares of Quantinuum in a report on Monday, October 5th. They set an “outperform” rating and a $60.00 price target on the stock. Craig Hallum assumed coverage on shares of Quantinuum in a research note on Monday, June 29th. They issued a “buy” rating and a $100.00 price objective for the company. Zacks Research upgraded shares of Quantinuum to a “hold” rating in a research report on Tuesday, June 30th. Needham & Company LLC restated a “buy” rating and issued a $100.00 target price on shares of Quantinuum in a report on Wednesday, August 12th. Finally, Mizuho started coverage on Quantinuum in a research report on Monday, June 29th. They issued an “outperform” rating and a $90.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.23.

Quantinuum Price Performance

Shares of Quantinuum stock traded up $0.60 on Thursday, reaching $36.50. 1,156,763 shares of the company were exchanged, compared to its average volume of 2,315,933. Quantinuum has a fifty-two week low of $33.02 and a fifty-two week high of $86.79. The stock has a market cap of $9.61 billion and a price-to-earnings ratio of -130.36. The business has a fifty day simple moving average of $48.05.

Quantinuum (NASDAQ:QNT) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The company had revenue of $8.00 million during the quarter. As a group, research analysts anticipate that Quantinuum will post -4.76 EPS for the current year.

Institutional Investors Weigh In On Quantinuum

Hedge funds and other institutional investors have recently made changes to their positions in the company. Canton Hathaway LLC increased its holdings in Quantinuum by 21.5% in the third quarter. Canton Hathaway LLC now owns 22,748 shares of the company’s stock worth $1,093,000 after buying an additional 4,023 shares during the last quarter. Outfitters Financial LLC raised its position in Quantinuum by 180.0% during the third quarter. Outfitters Financial LLC now owns 17,500 shares of the company’s stock valued at $841,000 after acquiring an additional 11,250 shares in the last quarter. Inspire Investing LLC acquired a new stake in Quantinuum in the third quarter valued at approximately $749,000. SBI Securities Co. Ltd. lifted its stake in Quantinuum by 52.8% in the third quarter. SBI Securities Co. Ltd. now owns 6,778 shares of the company’s stock valued at $326,000 after acquiring an additional 2,343 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Quantinuum by 1,150.0% in the third quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock worth $60,000 after acquiring an additional 1,150 shares in the last quarter.

Quantinuum Company Profile

Quantinuum is a quantum computing company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops full-stack quantum computing technologies designed to support research and commercial applications across industries, including chemistry, materials science, cybersecurity, finance and artificial intelligence.

Its offerings include trapped-ion quantum computers, quantum software and development tools. Quantinuum’s software portfolio includes the TKET quantum compiler, InQuanto quantum chemistry platform, Quantum Origin quantum-enhanced cybersecurity solutions and the Nexus platform for developing and managing quantum applications.