UBS Group Upgrades Quantinuum (NASDAQ:QNT) to Strong-Buy

by · The Markets Daily

Quantinuum (NASDAQ:QNT – Get Free Report) was upgraded by UBS Group to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Quantinuum in a report on Monday. They issued an “overweight” rating and a $97.00 price target for the company. Mizuho assumed coverage on Quantinuum in a research report on Monday. They issued an “outperform” rating and a $90.00 target price on the stock. Needham & Company LLC started coverage on Quantinuum in a research note on Monday. They issued a “buy” rating and a $100.00 target price for the company. Rosenblatt Securities assumed coverage on Quantinuum in a research note on Monday. They set a “buy” rating and a $155.00 price target on the stock. Finally, Morgan Stanley began coverage on Quantinuum in a report on Monday. They issued an “equal weight” rating and a $78.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $98.75.

Read Our Latest Analysis on QNT

Quantinuum Trading Up 12.2%

Shares of Quantinuum stock opened at $81.74 on Monday. Quantinuum has a 52 week low of $50.10 and a 52 week high of $82.30.

Insider Activity at Quantinuum

In related news, insider Kevin Scott Dehoff bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $60.00 per share, with a total value of $900,000.00. Following the completion of the acquisition, the insider directly owned 126,460 shares in the company, valued at approximately $7,587,600. The trade was a 13.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman purchased 14,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost of $60.00 per share, with a total value of $840,000.00. Following the completion of the acquisition, 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. Insiders acquired a total of 411,032 shares of company stock valued at $24,661,920 over the last ninety days.

Quantinuum News Summary

Here are the key news stories impacting Quantinuum this week:

  • Positive Sentiment: Several major firms initiated or upgraded coverage on Quantinuum with upbeat ratings, including “strong-buy” calls from Cantor Fitzgerald, Evercore, and Jefferies, plus buy/overweight ratings from JPMorgan, Bank of America, Needham, Mizuho, Craig Hallum, Rosenblatt, and others. Many of these targets imply meaningful upside from recent levels.
  • Positive Sentiment: Analysts highlighted Quantinuum as a key quantum-computing name, with one report calling it a new Wall Street favorite and another noting triple-digit upside potential, reinforcing the stock’s momentum. Article Title
  • Positive Sentiment: Recent insider-buying headlines also supported sentiment, including reports of about $25 million in post-IPO insider purchases and a congressman’s disclosed purchase of Quantinuum stock, which investors may interpret as a confidence signal. Article Title
  • Positive Sentiment: Coverage linking the stock to a recent quantum-computing executive order and noting a sharp share-price move added to the momentum trade around the name. Article Title

Quantinuum Company Profile

(Get Free Report)

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.

Further Reading