Quantinuum Inc. (NASDAQ:QNT) Stock Has Average Target Price of $98.42

Key Points

• Analyst sentiment is moderately bullish: Fifteen analysts give Quantinuum a “Moderate Buy” consensus, with 11 buy, three hold and one sell rating. The average 12-month price target is $98.42, versus the stock’s reported price of $45.59.
• Quantinuum reported a quarterly loss: The company posted adjusted earnings of negative $0.28 per share, missing consensus estimates of negative $0.26, while generating $8.0 million in revenue. Analysts expect a full-year loss of $4.76 per share.
• Institutional interest has increased: Several investment firms recently initiated positions in Quantinuum, including Tidal Investments, which purchased a stake valued at approximately $1.12 million.

Quantinuum Inc. (NASDAQ:QNT - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $98.42.

QNT has been the subject of several research analyst reports. Evercore assumed coverage on shares of Quantinuum in a research report on Monday, June 29th. They issued an "outperform" rating and a $98.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of Quantinuum in a research report on Wednesday, August 12th. UBS Group initiated coverage on Quantinuum in a research report on Monday, June 29th. They set a "buy" rating and a $93.00 target price for the company. Morgan Stanley initiated coverage on Quantinuum in a research note on Monday, June 29th. They set an "equal weight" rating and a $78.00 price target on the stock. Finally, TD Cowen initiated coverage on Quantinuum in a report on Monday, June 29th. They issued a "buy" rating on the stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC bought a new stake in shares of Quantinuum during the second quarter worth approximately $409,000. Integrated Wealth Concepts LLC bought a new position in Quantinuum in the second quarter valued at approximately $417,000. Outfitters Financial LLC acquired a new stake in Quantinuum during the 2nd quarter worth $511,000. Moody National Bank Trust Division bought a new stake in shares of Quantinuum during the 3rd quarter valued at $525,000. Finally, Tidal Investments LLC bought a new stake in shares of Quantinuum during the 2nd quarter valued at $1,122,000.

Quantinuum Stock Up 0.1%

Shares of QNT opened at $45.59 on Wednesday. The firm has a market cap of $12.00 billion and a P/E ratio of -162.82. Quantinuum has a one year low of $44.58 and a one year high of $86.79. The stock has a 50 day simple moving average of $52.79.

Quantinuum (NASDAQ:QNT - Get Free Report) 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. Sell-side analysts anticipate that Quantinuum will post -4.76 EPS for the current fiscal year.

Quantinuum Company Profile

Quantinuum is a quantum computing and quantum information technology company that develops full-stack quantum computing systems, software and cybersecurity solutions. Its business combines trapped-ion quantum computing hardware with software designed to help organizations develop, test and run quantum applications.

The company offers quantum computing systems and related cloud access, as well as software products for quantum programming, algorithm development and chemistry research. Its portfolio has included the TKET software development toolkit, InQuanto for quantum chemistry and materials modeling, and Quantum Origin, a platform focused on quantum-enhanced cybersecurity and cryptographic key generation.

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