Quantinuum Inc. (NASDAQ:QNT) Receives $98.42 Average PT from Analysts

Shares of Quantinuum Inc. (NASDAQ:QNT) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $98.4167.

Several brokerages have recently weighed in on QNT. Craig Hallum initiated coverage on Quantinuum in a report on Monday, June 29th. They set a “buy” rating and a $100.00 target price on the stock. Bank of America assumed coverage on shares of Quantinuum in a research report on Monday, June 29th. They set a “buy” rating and a $100.00 price objective for the company. TD Cowen began coverage on shares of Quantinuum in a research note on Monday, June 29th. They issued a “buy” rating for the company. Sanford C. Bernstein reissued a “hold” rating on shares of Quantinuum in a research report on Wednesday, August 12th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of Quantinuum in a research report on Wednesday, August 12th.

Quantinuum Price Performance

Quantinuum stock opened at $51.58 on Friday. Quantinuum has a one year low of $46.54 and a one year high of $86.79. The company has a 50-day simple moving average of $54.88.

Quantinuum (NASDAQ:QNT) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.02). The business had revenue of $8.00 million during the quarter. As a group, equities analysts predict that Quantinuum will post -1.64 earnings per share for the current year.

Institutional Investors Weigh In On Quantinuum

A number of institutional investors and hedge funds have recently modified their holdings of QNT. Lisanti Capital Growth LLC acquired a new stake in shares of Quantinuum during the second quarter worth approximately $409,000. Integrated Wealth Concepts LLC acquired a new position in Quantinuum in the second quarter worth about $417,000. Outfitters Financial LLC bought a new position in Quantinuum in the 2nd quarter valued at $511,000. Tidal Investments LLC acquired a new position in shares of Quantinuum during the second quarter valued at $1,122,000. Finally, Baird Financial Group Inc. bought a new stake in Quantinuum during the 2nd quarter worth about $1,251,000.

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.