Quantinuum (NASDAQ:QNT - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Rosenblatt Securities in a report released on Thursday, Benzinga reports. They currently have a $155.00 target price on the stock. Rosenblatt Securities's price target would indicate a potential upside of 330.56% from the company's current price.
A number of other equities analysts have also issued reports on QNT. UBS Group started coverage on shares of Quantinuum in a research report on Monday, June 29th. They issued a "buy" rating and a $93.00 target price for the company. Weiss Ratings assumed coverage on shares of Quantinuum in a research report on Monday, August 31st. They set a "sell (d)" rating on the stock. Sanford C. Bernstein reaffirmed a "hold" rating on shares of Quantinuum in a research note on Wednesday, August 12th. Bank of America assumed coverage on shares of Quantinuum in a report on Monday, June 29th. They issued a "buy" rating and a $100.00 price objective for the company. Finally, Wall Street Zen lowered shares of Quantinuum from a "hold" rating to a "sell" rating in a research note on Saturday, July 4th. Thirteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.23.
Read Our Latest Stock Report on QNT
Quantinuum Stock Down 6.9%
Shares of Quantinuum stock opened at $36.00 on Thursday. Quantinuum has a 1-year low of $33.02 and a 1-year high of $86.79. The firm's fifty day simple moving average is $48.70. The company has a market cap of $9.48 billion and a P/E ratio of -128.57.
Quantinuum (NASDAQ:QNT - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The firm had revenue of $8.00 million during the quarter. Equities research analysts predict that Quantinuum will post -4.76 earnings per share for the current year.
Institutional Investors Weigh In On Quantinuum
Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in shares of Quantinuum in the 2nd quarter worth approximately $92,418,000. HBK Investments L P bought a new stake in Quantinuum during the second quarter worth approximately $14,669,000. BlueCrest Capital Management Ltd bought a new stake in Quantinuum during the second quarter worth approximately $14,304,000. Readystate Asset Management LP acquired a new position in Quantinuum in the second quarter worth approximately $4,111,000. Finally, Light Street Capital Management LLC acquired a new stake in shares of Quantinuum during the 2nd quarter valued at $2,881,000.
About Quantinuum
(
Get Free Report)
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.
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