Quantinuum (NASDAQ:QNT) Rating Increased to Strong-Buy at Jefferies Financial Group

Quantinuum (NASDAQ:QNT) was upgraded by analysts at Jefferies Financial Group to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on QNT. Craig Hallum started coverage on shares of Quantinuum in a research report on Monday. They set a “buy” rating and a $100.00 target price on the stock. TD Cowen assumed coverage on shares of Quantinuum in a report on Monday. They issued a “buy” rating on the stock. Cantor Fitzgerald assumed coverage on shares of Quantinuum in a report on Monday. They set an “overweight” rating and a $90.00 price objective for the company. Rosenblatt Securities initiated coverage on shares of Quantinuum in a research note on Monday. They issued a “buy” rating and a $155.00 target price on the stock. Finally, Mizuho initiated coverage on shares of Quantinuum in a research report on Monday. They issued an “outperform” rating and a $90.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $98.75.

Quantinuum Stock Down 3.6%

NASDAQ:QNT opened at $72.84 on Monday. Quantinuum has a 12 month low of $50.10 and a 12 month high of $81.48.

Insiders Place Their Bets

In other Quantinuum news, Director Kenneth D. Denman purchased 14,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $60.00 per share, for a total transaction of $840,000.00. Following the transaction, the director directly owned 19,833 shares in the company, valued at approximately $1,189,980. The trade was a 240.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul R. Daugherty bought 4,000 shares of the stock in a transaction dated Friday, June 5th. The stock was acquired at an average price of $60.00 per share, with a total value of $240,000.00. Following the completion of the purchase, the director owned 9,833 shares of the company’s stock, valued at $589,980. This represents a 68.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 411,032 shares of company stock worth $24,661,920 in the last quarter.

Quantinuum News Summary

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?

Quantinuum Company Profile

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.