A New Quantum Computing Favorite? Wall Street Sees Triple-Digit Upside For This Stock

• Craig-Hallum initiated coverage with a Buy rating and $100 price target, citing Quantinuum's execution and full-stack technology. 
• Cantor Fitzgerald expects higher-margin software and services to drive growth. 
• Rosenblatt initiated coverage with a Street-high $155 price target, citing Quantinuum's discounted valuation. 

Quantinuum (QNT) stock gained premarket on Tuesday as multiple Wall Street firms launched coverage on the company, expressing confidence in the quantum computing company's long-term growth prospects and highlighting its technological leadership as the industry moves toward broader commercial adoption.

Analysts see up to 112% upside to Quantinuum stock’s last close.

Craig-Hallum Sees Early Leadership For QNT in Quantum Space

Craig-Hallum started coverage with a “Buy” rating and a $100 price target. The firm said Quantinuum has consistently executed its long-term development strategy and offers a complete technology stack, positioning it as one of the strongest contenders to deliver quantum computing capabilities beyond what conventional computers can achieve.

Cantor Fitzgerald started coverage with an “Overweight” rating and a $90 price target. The firm expects Quantinuum to earn more from software and services over time, leading to a boost in profits. It also views quantum computing as an important component of future hybrid computing environments alongside traditional and accelerated computing. 

Quantinuum stock inched 0.9% higher in Tuesday’s premarket. 

Rosenblatt And Needham Point To QNT’s Technology Edge

Rosenblatt began coverage with a “Buy” rating and assigned the highest price target among the firms at $155. Analysts said Quantinuum leads the industry in key performance metrics, including logical qubits and error rates, while its stock trades at a much lower valuation than that of many other quantum computing companies. 

The firm also described the company's Helios system as an industry-leading production machine and expects its development roadmap to support commercial quantum computing growth toward the end of the decade.

Needham also initiated coverage with a “Buy” rating and a $100 price target. The firm highlighted Quantinuum's trapped-ion technology and scalable design, saying its planned Apollo quantum computer, expected around 2029, could support real-world commercial use across many industries. 

QNT’s Public Debut and Backing 

Quantinuum made its public debut earlier this month after raising $1.68 billion in an IPO by selling 28 million shares at $60 each. 

Quantinuum was created in 2021 by merging Honeywell Quantum Solutions' quantum hardware business with Cambridge Quantum's software operations. Honeywell (HON) remains a strategic customer and partner. 

Last month, the Trump administration unveiled a $2 billion initiative to strengthen the U.S. quantum computing industry. Under the plan, Quantinuum is expected to receive $100 million. Last week’s executive orders to develop a government-backed quantum computing platform have further solidified the sentiment. 

QNT stock has gained 20% since its June market debut. 

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