Quantinuum Inc. (NASDAQ:QNT) Stock Has Consensus Price Target of $94.23 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Quantinuum, with 13 buys, two holds and one sell among 16 brokerages. The average 12-month price target is $94.23, though targets range from $62 to $155.
• Quantinuum shares opened at $33.60 after falling 10.4%, near the company’s 52-week low of $32.91. The company reported a quarterly loss of $0.28 per share, missing estimates by $0.02, on revenue of $8 million.
• Several institutional investors increased or initiated positions during the third quarter, including McGuire Investment Group, which raised its stake by 1,892.4%, and Outfitters Financial, which boosted holdings by 180%.

Quantinuum Inc. (NASDAQ:QNT - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $94.23.

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein restated a "hold" rating on shares of Quantinuum in a research report on Wednesday, August 12th. Rosenblatt Securities reiterated a "buy" rating and set a $155.00 price objective on shares of Quantinuum in a research report on Thursday, October 22nd. Weiss Ratings assumed coverage on shares of Quantinuum in a research note on Monday, August 31st. They set a "sell (d)" rating for the company. Morgan Stanley upgraded shares of Quantinuum from an "equal weight" rating to an "overweight" rating and dropped their target price for the company from $78.00 to $62.00 in a report on Thursday, October 15th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $90.00 price target on shares of Quantinuum in a research report on Wednesday, August 12th.

Quantinuum Stock Down 10.4%

Shares of QNT opened at $33.60 on Friday. The business's 50-day moving average is $45.53. The company has a market capitalization of $8.85 billion and a P/E ratio of -120.00. Quantinuum has a 1 year low of $32.91 and a 1 year high of $86.79.

Quantinuum (NASDAQ:QNT - Get Free Report) last released its 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 business had revenue of $8.00 million for the quarter. On average, research analysts predict that Quantinuum will post -4.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wyoming acquired a new stake in Quantinuum during the third quarter worth approximately $378,000. Flagship Harbor Advisors LLC bought a new stake in Quantinuum in the third quarter worth approximately $206,000. McGuire Investment Group LLC lifted its stake in Quantinuum by 1,892.4% in the third quarter. McGuire Investment Group LLC now owns 57,360 shares of the company's stock valued at $2,757,000 after buying an additional 54,481 shares during the period. Canton Hathaway LLC lifted its stake in Quantinuum by 21.5% in the third quarter. Canton Hathaway LLC now owns 22,748 shares of the company's stock valued at $1,093,000 after buying an additional 4,023 shares during the period. Finally, Outfitters Financial LLC boosted its holdings in shares of Quantinuum by 180.0% during the 3rd quarter. Outfitters Financial LLC now owns 17,500 shares of the company's stock worth $841,000 after buying an additional 11,250 shares in the last quarter.

About Quantinuum

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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