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Investing.com - Lake Street Capital Markets initiated coverage on Quantum Computing, Inc. (NASDAQ:QUBT) with a Buy rating and a $24.00 price target on Thursday. The stock, currently trading at $18.10, has demonstrated remarkable momentum with a 105% return over the past six months and maintains strong financial health with a current ratio of 88.17.
The research firm cited Quantum Computing Inc. as "a compelling way to participate in the rapidly growing market of quantum computing" in its initiation report.
Lake Street Capital noted that while broader adoption of quantum computing remains in early stages, the company’s first-mover advantage and ongoing technological advancements in the industry create significant growth potential.
The firm believes Quantum Computing Inc. is approaching an inflection point that will lead to a substantial increase in revenue during 2026 and 2027.
Lake Street Capital expects the stock can move higher as investors recognize the upcoming revenue growth and seek exposure to the emerging quantum computing sector.
In other recent news, Quantum Computing Inc. reported its Q2 2025 earnings, showing a significant miss in expectations. The company posted an earnings per share (EPS) of -$0.26, which was below the forecasted -$0.06. Additionally, the revenue came in at $61,000, falling short of the anticipated $100,000. These results highlight a challenging quarter for Quantum Computing. The earnings announcement is part of a series of recent developments surrounding the company. Analyst firms have yet to update their recommendations following these results. Investors are closely monitoring the situation for any further updates or changes in analyst ratings. Quantum Computing’s financial performance continues to be a focal point for stakeholders.
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