TLDR
- QUBT shares jumped 4.3% to $12.70 after Rosenblatt Securities initiated coverage with a buy rating and $22 price target
- The $22 target implies 73% upside potential from current trading levels
- Quantum Computing’s dual manufacturing facility strategy aims to scale photonic-chip production
- COO recently sold shares while institutional investors increased positions during Q3
- Stock holds “Moderate Buy” consensus with $18 average price target across six analysts
Quantum Computing shares climbed 4.3% on Friday following a bullish analyst initiation. The stock closed at $12.70 on trading volume 17% above average. Rosenblatt Securities launched coverage with a buy rating and set a $22 price target.
The target represents roughly 73% upside from current levels. Rosenblatt analysts cited strong quantum computing assets and a favorable risk-reward profile. The coverage brought renewed attention to the stock after a turbulent 2025.
Trading volume hit 21.1 million shares during the session. The stock reached an intraday peak of $13.20. Shares had ended Thursday at $12.18.
Zacks Investment Research pointed to the company’s manufacturing strategy as a competitive edge. The Fab 1 and Fab 2 approach aims to reduce production risks. The dual-facility system should help scale photonic-chip output for commercial applications.
Quantum Computing submitted a $22 million bid for Luminar Technologies assets on January 12. Management expects the deal to close this quarter if approved. The company already completed its Luminar Semiconductor acquisition.
Analysts Divided on Stock Outlook
Wall Street remains split on Quantum Computing’s valuation. Six analysts cover the stock with a “Moderate Buy” consensus rating. Price targets range from $12 to $22 per share.
Wedbush rates shares neutral with a $12 target. Cantor Fitzgerald also maintains a neutral stance with a $15 price objective. Weiss Ratings holds a sell recommendation.
One analyst recently trimmed their target by 18.75% to $16.58. The cut reflected broader concerns about quantum and AI stock valuations. The average Wall Street target stands at $18.
COO Milan Begliarbekov sold 2,860 shares on January 7 at $11.85 each. The $33,891 transaction reduced his stake by 10.55%. Insiders now control 19.30% of outstanding shares.
Hedge Funds Build Positions
Institutional money poured into Quantum Computing during Q3. Alyeska Investment Group opened a $123 million position. Ghisallo Capital established a $74.2 million stake.
Vanguard Group increased holdings by 23.1% to 12.2 million shares. Geode Capital more than doubled its position with a 116.8% jump. Polar Asset Management expanded its stake by 72.3%.
Institutions own just 4.26% of the company. The low institutional ownership could allow for additional buying if momentum builds. The stock carries a volatile beta of 3.49.
Quantum Computing reported Q3 earnings in November. The company posted a $0.05 per share loss, matching estimates. Revenue reached $0.38 million, topping the $0.12 million consensus.
First nine months revenue totaled $484,000 compared to $311,000 in the prior year period. The company has a $2.85 billion market cap. The P/E ratio sits at -20.82.
Shares trade above the 50-day moving average of $11.57 but below the 200-day average of $15.39. The stock is up 24% year-to-date after dropping 38% in 2025. The 52-week range spans $4.37 to $25.84.
Rosenblatt’s $22 target marks the highest current Wall Street price objective for Quantum Computing stock.
