B of A Securities Reiterates Buy Rating for Quantinuum Inc. (QNT)
B of A Securities maintains a buy rating for Quantinuum Inc. with a $100 price target, a 22.34% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating for Quantinuum Inc. (QNT) with a $100 target on June 29, 2026.
- B of A Securities's $100 price target implies 22.34% upside from Quantinuum Inc.'s ($QNT) current $81.74 share price.
- Quantinuum's stock traded near $81.74 on Wednesday, with a market cap of about $21.2 billion and a 52-week high of $82.3.
- Multiple analysts, including UBS and JP Morgan, initiated coverage with buy ratings and targets ranging from $78 to $155.
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B of A Securities has reiterated its buy rating for Quantinuum Inc. (NasdaqGM: QNT), setting a price target of $100. This update came on June 29, 2026, from analyst Vivek Arya. Shares of Quantinuum traded near $81.74 on Wednesday.
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Quantinuum Inc. Stock Up 63.7%
Quantinuum Inc. is a player in the technology sector, specifically within the software application industry. The company is headquartered in Broomfield, Colorado, and led by CEO Mr. Nitesh Sharan. It develops quantum computing hardware and software, aiming to make quantum computing accessible in real-world environments. As of now, Quantinuum has a market cap of approximately $21.2 billion. The stock has a 52-week range between $50.1 and $82.3, with the 50-day and 200-day moving averages both at $63.29. The company has a strong liquidity position, with a current ratio of 11.04 and a quick ratio of 10.66. However, it is not yet profitable, as indicated by a negative forward P/E ratio of -52.22.
$QNT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Quantinuum's recent financial performance has been challenging, with revenue of $17.08 million, reflecting a decline of 72.6%. The company's net margin is currently at zero, and it has reported an EPS of -$1.76. Despite these figures, analysts remain optimistic about its future potential as reflected in the recent ratings.
Insider Buying and Selling at Quantinuum Inc.
On June 5, 2026, several insiders purchased shares of Quantinuum Inc. at an average price of $60. Michal Stepniak acquired 13,333 shares, Joseph Jimenez bought 66,665 shares, and Vimal Kapur purchased 13,000 shares. Additionally, Eric Branderiz, Prineha Narang, and Nitesh Sharan, the CFO, also made buys of 8,334, 200, and 6,500 shares, respectively. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On June 29, 2026, several firms initiated coverage on Quantinuum Inc. Morgan Stanley started with a hold rating and a $78 target. UBS and JP Morgan both issued buy ratings with targets of $93 and $97, respectively. Jefferies and Cantor Fitzgerald also set buy ratings with $90 targets. Craig-Hallum gave a buy rating with a $100 target, while Rosenblatt issued the highest target at $155 with a buy rating. Overall, the consensus among nine analysts is a buy recommendation, with an average target price of $93.
About Quantinuum Inc.
Quantinuum Inc. is at the forefront of quantum computing technology, developing both hardware and software solutions. Founded in 2021, the company offers a platform that integrates quantum hardware systems with middleware and application software. This setup is designed to make quantum computing deployable in practical settings. With its headquarters in Broomfield, Colorado, Quantinuum is led by CEO Mr. Nitesh Sharan and employs 679 people.
Bottom Line
B of A Securities' reiteration of a buy rating on Quantinuum Inc. signals continued confidence in the company's potential despite its current lack of profitability. Investors often track such ratings for insights into a company's future prospects. As a reminder, these analyst ratings are based on past data and forecasts, and may not reflect current conditions.
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