Quantinuum (NASDAQ:QNT) Coverage Initiated by Analysts at Mizuho

Equities research analysts at Mizuho assumed coverage on shares of Quantinuum (NASDAQ:QNT) in a research note issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $90.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 19.09% from the company’s current price.

QNT has been the subject of several other reports. TD Cowen initiated coverage on Quantinuum in a research report on Monday. They issued a “buy” rating for the company. Bank of America began coverage on shares of Quantinuum in a research note on Monday. They issued a “buy” rating and a $100.00 price target on the stock. Wall Street Zen upgraded shares of Quantinuum to a “hold” rating in a report on Saturday, June 20th. Needham & Company LLC started coverage on shares of Quantinuum in a report on Monday. They set a “buy” rating and a $100.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on shares of Quantinuum in a research report on Monday. They issued a “buy” rating and a $90.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $91.60.

Quantinuum Stock Performance

Shares of Quantinuum stock opened at $75.57 on Monday. Quantinuum has a 1 year low of $50.10 and a 1 year high of $81.48.

Insider Buying and Selling

In other Quantinuum news, insider Kevin Scott Dehoff acquired 15,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $60.00 per share, with a total value of $900,000.00. Following the completion of the transaction, the insider directly owned 126,460 shares in the company, valued at approximately $7,587,600. This represents a 13.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Manish H. Bhatia bought 20,000 shares of Quantinuum stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $60.00 per share, with a total value of $1,200,000.00. Following the completion of the purchase, the director directly owned 25,833 shares in the company, valued at $1,549,980. This trade represents a 342.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 411,032 shares of company stock worth $24,661,920.

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.