Quantinuum Inc. (NASDAQ:QNT) Receives Average Rating of “Moderate Buy” from Analysts

Quantinuum Inc. (NASDAQ:QNT) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $98.4167.

Several research analysts have recently commented on the company. Morgan Stanley initiated coverage on Quantinuum in a research report on Monday, June 29th. They set an “equal weight” rating and a $78.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $155.00 price objective on shares of Quantinuum in a report on Wednesday, August 19th. Weiss Ratings started coverage on Quantinuum in a research note on Monday, August 31st. They set a “sell (d)” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Quantinuum in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. initiated coverage on Quantinuum in a research report on Monday, June 29th. They issued an “overweight” rating and a $97.00 target price for the company.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in Quantinuum in the 2nd quarter valued at approximately $92,418,000. BlueCrest Capital Management Ltd acquired a new position in shares of Quantinuum in the second quarter worth $14,304,000. Readystate Asset Management LP purchased a new stake in shares of Quantinuum during the second quarter worth $4,111,000. Light Street Capital Management LLC acquired a new stake in shares of Quantinuum in the second quarter valued at $2,881,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Quantinuum in the second quarter valued at $417,000.

Quantinuum Trading Up 0.7%

Shares of QNT stock opened at $49.03 on Friday. The business has a 50 day moving average of $57.37. Quantinuum has a one year low of $46.54 and a one year high of $86.79.

Quantinuum (NASDAQ:QNT) last posted its earnings results on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.02). The company had revenue of $8.00 million for the quarter. Equities analysts expect that Quantinuum will post -1.64 earnings per share for the current year.

About Quantinuum

Quantinuum is a quantum computing and technology company formed in 2021 through the combination of Honeywell Quantum Solutions and Cambridge Quantum. The company develops integrated quantum computing systems, combining quantum hardware, software and applications for business, government and research customers.

Its offerings include trapped-ion quantum computers in the H-Series, quantum software development tools such as TKET, and cybersecurity products including Quantum Origin, which is designed to help generate and protect cryptographic keys.