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Investing.com - Cantor Fitzgerald initiated coverage on Quantum Computing, Inc. (NASDAQ:QUBT) with a Neutral rating and a $15.00 price target on Wednesday. According to InvestingPro data, the company currently trades at a market capitalization of $2.89 billion, with analysis indicating the stock is trading above its Fair Value.
The research firm acknowledged quantum computing’s status as a highly coveted technical milestone with significant economic implications, despite the technology still being in its early stages of development.
Cantor Fitzgerald noted that while full-scale quantum capabilities are likely years away, investor interest has already driven meaningful stock appreciation in the sector, resulting in steep valuations relative to near-term revenue and earnings forecasts.
In June 2025, Quantum Computing completed a private placement of its common stock that generated gross proceeds of $200 million, with the transaction closing on June 24.
Following this capital raise, Quantum Computing’s total cash position is expected to exceed $350 million, which the company plans to use for accelerating commercialization efforts and pursuing strategic acquisitions.
In other recent news, Quantum Computing Inc. has closed a significant private placement, raising $200 million through the sale of over 14 million shares to institutional investors at $14.25 per share. This transaction boosts the company’s cash reserves to more than $350 million, with plans to use the funds for commercialization, strategic acquisitions, and general corporate purposes. Titan Partners Group acted as the sole placement agent for this offering. The shares issued have not been registered under the Securities Act of 1933, and the company intends to file a resale registration statement with the SEC. Additionally, Quantum Computing Inc. announced the shipment of its first commercial entangled photon source to a South Korean research institution, marking a step forward in its quantum communications roadmap. The company has also been slated for inclusion in the Russell 2000 and 3000 indexes, a move that could enhance its visibility among institutional investors. This inclusion is based on the company’s growing market capitalization and performance in the sector. These developments reflect Quantum Computing Inc.’s ongoing efforts to expand its market presence and technological advancements.
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