Quantinuum (NASDAQ:QNT) Sets New 1-Year High on Analyst Upgrade

Quantinuum Inc. (NASDAQ:QNT)’s stock price hit a new 52-week high on Tuesday after Jefferies Financial Group upgraded the stock to a strong-buy rating. The stock traded as high as $82.30 and last traded at $80.79, with a volume of 2759556 shares traded. The stock had previously closed at $72.84.

Several other brokerages have also recently issued reports on QNT. Bank of America initiated coverage on shares of Quantinuum in a research note on Monday. They set a “buy” rating and a $100.00 target price on the stock. Wall Street Zen raised shares of Quantinuum to a “hold” rating in a research note on Saturday, June 20th. Needham & Company LLC started coverage on shares of Quantinuum in a research report on Monday. They set a “buy” rating and a $100.00 price target on the stock. Morgan Stanley assumed coverage on Quantinuum in a report on Monday. They set an “equal weight” rating and a $78.00 target price on the stock. Finally, Evercore initiated coverage on Quantinuum in a report on Monday. They issued an “outperform” rating and a $98.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $98.75.

Insider Activity

In other Quantinuum news, Director Michal Stepniak acquired 13,333 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $60.00 per share, for a total transaction of $799,980.00. Following the completion of the acquisition, the director owned 13,333 shares of the company’s stock, valued at approximately $799,980. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kenneth D. Denman acquired 14,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $60.00 per share, with a total value of $840,000.00. Following the completion of the transaction, the director directly owned 19,833 shares of the company’s stock, valued at $1,189,980. This trade represents a 240.01% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 411,032 shares of company stock worth $24,661,920.

Quantinuum News Roundup

Here are the key news stories impacting Quantinuum this week:

• Positive Sentiment: Multiple firms initiated or reiterated bullish coverage, including JPMorgan, Craig Hallum, Rosenblatt, Mizuho, Bank of America, Needham, Cantor Fitzgerald, Evercore, and Jefferies, with several “buy” or “strong-buy” ratings and price targets well above the current share price. Analyst coverage roundup
• Positive Sentiment: Investor sentiment got an extra boost from reports that Quantinuum has become a “new favorite” in the quantum-computing trade, with some analysts suggesting triple-digit upside potential. A New Quantum Computing Favorite? Wall Street Sees Triple-Digit Upside For This Stock
• Positive Sentiment: Recent insider-buying commentary also highlighted about $25 million in post-IPO insider purchases, reinforcing confidence that management and early backers remain optimistic. Why AppLovin’s CEO Is Selling While Quantum Insiders Are Buying (QNT)
• Positive Sentiment: News that Rep. Cleo Fields bought Quantinuum stock before a Trump quantum-computing executive order added momentum, as traders interpreted the political attention as another sign of growing interest in the sector. Rep. Cleo Fields Bought Quantinuum Stock Before Trump’s Quantum Computing Executive Order, Shares Rise 25%
• Neutral Sentiment: One note from Morgan Stanley was more cautious, assigning an “equal weight” rating, though even that came with a target slightly above the stock’s recent level. Morgan Stanley coverage
• Negative Sentiment: Some headlines noted the stock had fallen at times, suggesting volatility remains high even as the broader analyst tone is bullish. Quantinuum stock falls: why is Wall Street bullish on the stock?

Quantinuum Price Performance

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.