Rosenblatt Securities initiated coverage on shares of Quantum Computing (NASDAQ:QUBT – Free Report) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $22.00 price objective on the stock.
Several other analysts also recently issued reports on the company. Ascendiant Capital Markets cut their price objective on Quantum Computing from $40.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Wall Street Zen upgraded shares of Quantum Computing from a “strong sell” rating to a “hold” rating in a report on Saturday, November 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $15.00 price target on shares of Quantum Computing in a research report on Thursday, December 18th. Wedbush initiated coverage on shares of Quantum Computing in a research report on Wednesday, December 17th. They set a “neutral” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Quantum Computing in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.
Get Our Latest Analysis on Quantum Computing
Quantum Computing Stock Performance
Quantum Computing (NASDAQ:QUBT – Get Free Report) last released its quarterly earnings data on Friday, November 14th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $0.38 million for the quarter, compared to the consensus estimate of $0.12 million.
Insider Transactions at Quantum Computing
In other Quantum Computing news, COO Milan Begliarbekov sold 2,860 shares of Quantum Computing stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $11.85, for a total transaction of $33,891.00. Following the completion of the sale, the chief operating officer owned 24,240 shares of the company’s stock, valued at $287,244. This trade represents a 10.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 19.30% of the stock is currently owned by insiders.
Institutional Trading of Quantum Computing
A number of institutional investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. purchased a new stake in shares of Quantum Computing during the 3rd quarter worth about $123,014,000. Ghisallo Capital Management LLC acquired a new position in Quantum Computing in the third quarter worth approximately $74,194,000. Vanguard Group Inc. raised its position in Quantum Computing by 23.1% during the third quarter. Vanguard Group Inc. now owns 12,197,605 shares of the company’s stock valued at $224,558,000 after acquiring an additional 2,286,514 shares in the last quarter. Geode Capital Management LLC raised its position in Quantum Computing by 116.8% during the second quarter. Geode Capital Management LLC now owns 2,630,525 shares of the company’s stock valued at $50,433,000 after acquiring an additional 1,416,928 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its stake in Quantum Computing by 72.3% in the third quarter. Polar Asset Management Partners Inc. now owns 2,686,727 shares of the company’s stock valued at $48,643,000 after acquiring an additional 1,127,427 shares during the last quarter. Institutional investors and hedge funds own 4.26% of the company’s stock.
Key Quantum Computing News
Here are the key news stories impacting Quantum Computing this week:
- Positive Sentiment: Rosenblatt initiated coverage with a Buy/Strong?Buy and set a $22 price target (about 73% upside vs. the current price), providing a notable institutional endorsement that likely spurred demand. Rosenblatt sets $22 PT
- Positive Sentiment: Zacks highlights QUBT’s Fab 1 / Fab 2 manufacturing strategy as a way to reduce fabrication risk, scale photonic-chip output and position the company for commercial-scale quantum adoption — a strategic narrative that supports longer-term revenue potential. How QUBT’s Fab Strategy Could Unlock Commercial-Scale Quantum Adoption
- Positive Sentiment: Major financial press (Barron’s) and other outlets picked up Rosenblatt’s bullish stance on QUBT alongside peers, amplifying visibility and potentially drawing momentum investors. Rigetti and Quantum Computing Stocks Are a Buy
- Neutral Sentiment: Sector roundup pieces reiterate analyst bullishness on quantum/AI?adjacent names (mentioning QUBT among others), which can lift sentiment but is not QUBT?specific catalyst news. Analysts Still Bullish on Nvidia, Dell, and Quantum Computing
- Neutral Sentiment: Retail/coverage commentary (a YouTube “Overlooked Stock” segment) discussed the Rosenblatt initiation; useful for retail visibility but not a direct fundamental catalyst. Overlooked Stock: QUBT Stalls Despite Upgrade
- Negative Sentiment: Recent insider selling was reported and previously pushed the shares lower in intraday trading, a cautionary sign that can pressure sentiment if selling continues. Quantum Computing Trading Down on Insider Selling
- Negative Sentiment: At least one published price target was reduced (reported as an ~18.75% cut to $16.58), a reminder that sell?side views remain mixed and could cap upside until fundamentals or milestones change. QUBT Price Target Decreased
Quantum Computing Company Profile
Quantum Computing Inc (NASDAQ: QUBT) is a provider of quantum computing and quantum-inspired algorithm solutions, headquartered in the United States with research and development operations in Europe. Originally incorporated as Unigrid Software in 2019, the company rebranded in 2021 to reflect its strategic focus on commercializing emerging quantum technologies for enterprise and government customers.
The company’s flagship product, Qatalyst, is a quantum-inspired optimization platform that applies advanced heuristic solvers to address complex combinatorial problems in logistics, supply chain management, finance and other data-intensive fields.
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