Needham Reiterates Buy Rating on Quantinuum Inc. (QNT)
Needham has reiterated its buy rating on Quantinuum Inc., setting a price target of $100, a 22.34% upside from the current price.
Key Points
- Needham reiterated its buy rating on Quantinuum Inc. (QNT) with a $100 price target on June 29, 2026.
- Needham's $100 price target implies 22.34% upside from Quantinuum Inc.'s ($QNT) current $81.74 share price.
- Quantinuum's shares traded at $81.74 on Wednesday with a 52-week range of $50.1 to $82.3 and a market cap of $21.19 billion.
- Insiders, including CFO Nitesh Sharan, bought shares on June 5, 2026, while analysts from UBS and JP Morgan initiated buy ratings with targets of $93 and $97, respectively.
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Needham reiterated its buy rating for Quantinuum Inc. (NasdaqGM: QNT) on June 29, 2026, setting a price target of $100. N. Quinn Bolton from Needham reaffirmed the firm's positive outlook on the company.
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Quantinuum Inc. Stock Up 63.7%
Shares of NasdaqGM:QNT traded near $81.74 on Wednesday. Quantinuum Inc., with a market cap of approximately $21.19 billion, has a forward P/E ratio of -52.2, indicating it isn't currently profitable. The stock has seen a 52-week low of $50.1 and a high of $82.3. It has a 50-day and 200-day moving average both around $63.29. The company boasts a strong current ratio of 11.04 and a quick ratio of 10.66, with a debt-to-equity ratio of 1.61.
$QNT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Quantinuum Inc.
Several insiders made significant purchases on June 5, 2026. CFO Nitesh Sharan acquired 6,500 shares at $60 each. Other insiders, such as Michal Stepniak and Joseph Jimenez, bought 13,333 and 66,665 shares, respectively, at the same price.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley initiated coverage with a hold rating and a $78 target. UBS and JP Morgan both began coverage with buy ratings, setting targets at $93 and $97, respectively. Jefferies and Cantor Fitzgerald also issued buy ratings, each with a $90 target. Craig-Hallum and Mizuho matched Needham's enthusiasm with $100 and $90 targets, respectively. Rosenblatt was particularly bullish, setting a $155 target. The consensus among nine analysts is a buy rating with a mean target price of $93.
About Quantinuum Inc.
Quantinuum Inc. specializes in quantum computing technology, providing both hardware and software solutions. Based in Broomfield, Colorado, the company develops a platform that integrates quantum hardware systems with application software, making quantum computing accessible for real-world applications. Founded in 2021, it is led by CEO Nitesh Sharan and employs 679 people.
Bottom Line
Needham's reiterated buy rating and $100 target reflect continued confidence in Quantinuum's potential. Investors keep a close eye on such analyst ratings as they provide insights into future performance. Remember, these ratings are based on past data and projections, so they may not reflect the current market conditions.
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