Quantinuum (NASDAQ:QNT) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of Quantinuum (NASDAQ:QNT) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald assumed coverage on shares of Quantinuum in a report on Monday. They issued an “overweight” rating and a $90.00 target price for the company. Sanford C. Bernstein began coverage on Quantinuum in a report on Monday. They set an “outperform” rating and a $94.00 price target on the stock. Bank of America began coverage on Quantinuum in a research report on Monday. They issued a “buy” rating and a $100.00 price target on the stock. UBS Group initiated coverage on Quantinuum in a research note on Monday. They set a “buy” rating and a $93.00 price objective for the company. Finally, Mizuho began coverage on Quantinuum in a research report on Monday. They set an “outperform” rating and a $90.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $98.75.

Quantinuum Stock Down 3.6%

Shares of NASDAQ:QNT opened at $72.84 on Monday. Quantinuum has a 1-year low of $50.10 and a 1-year high of $81.48.

Insiders Place Their Bets

In other news, Director Michal Stepniak acquired 13,333 shares of Quantinuum stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $60.00 per share, for a total transaction of $799,980.00. Following the completion of the transaction, the director directly owned 13,333 shares in the company, valued at approximately $799,980. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul R. Daugherty acquired 4,000 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $60.00 per share, for a total transaction of $240,000.00. Following the acquisition, the director directly owned 9,833 shares in the company, valued at $589,980. This represents a 68.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 411,032 shares of company stock valued at $24,661,920.

More Quantinuum News

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?

About Quantinuum

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.