Quantum Computing shares rose 4.3% on Friday, closing at $12.70 on volume 17% higher than the daily average. The move came after Rosenblatt Securities started coverage on the stock with a buy rating.
Quantum Computing, Inc., QUBT
The firm set a $22 price target on Quantum Computing. That represents roughly 73% upside from current levels. The bullish call brought fresh attention to the quantum computing specialist after a volatile 2025.
Trading volume reached 21.1 million shares during the session. The stock hit an intraday high of $13.20 before settling at $12.70. Shares had closed at $12.18 the previous day.
Rosenblatt’s analysts believe the company holds strong assets in the quantum space. They view the risk-reward profile as favorable at current prices. The initiation brought mainstream media coverage from outlets including Barron’s.
Zacks Investment Research highlighted the company’s manufacturing approach as a key strength. The Fab 1 and Fab 2 strategy aims to reduce production risks while scaling up photonic-chip output. This dual-facility approach positions Quantum Computing for larger commercial deployments.
The company submitted a $22 million bid on January 12 to acquire additional assets from Luminar Technologies. Management expects the purchase to close in the current quarter if approved. Quantum Computing recently completed its acquisition of Luminar Semiconductor.
Analyst opinions on Quantum Computing remain divided. The stock currently holds a “Moderate Buy” consensus rating across six analysts. Price targets range from a low of $12 to Rosenblatt’s high of $22.
Wedbush initiated coverage in December with a neutral rating and $12 target. Cantor Fitzgerald also rates the shares neutral with a $15 price objective. Weiss Ratings maintains a sell rating on the stock.
One analyst cut their price target by about 18.75% to $16.58. The reduction came as concerns about quantum and AI stock valuations weighed on the sector. The average analyst target sits at $18 per share.
Recent insider activity raised some eyebrows. COO Milan Begliarbekov sold 2,860 shares on January 7 at $11.85 each. The transaction totaled $33,891 and reduced his stake by 10.55%. Company insiders now own 19.30% of outstanding shares.
Hedge funds made big moves in Quantum Computing during the third quarter. Alyeska Investment Group took a new position worth $123 million. Ghisallo Capital bought a stake valued at $74.2 million.
Vanguard Group boosted its holdings by 23.1% to 12.2 million shares. Geode Capital more than doubled its position with a 116.8% increase. Polar Asset Management grew its stake by 72.3%.
Institutional investors now hold just 4.26% of the company. The relatively low institutional ownership leaves room for additional buying if momentum continues. The stock trades with a beta of 3.49, indicating high volatility.
Quantum Computing reported third-quarter results in November. The company posted a loss of $0.05 per share, matching analyst estimates. Revenue came in at $0.38 million, beating the $0.12 million consensus.
Year-to-date revenue through the first three quarters reached $484,000. That’s up from $311,000 in the same period of 2024. The company carries a market cap of $2.85 billion with a negative P/E ratio of -20.82.
The stock trades above its 50-day moving average of $11.57 but below its 200-day average of $15.39. Shares are up 24% in 2026 after falling 38% in 2025. The 52-week range spans from $4.37 to $25.84.
Rosenblatt’s $22 price target represents the most bullish Wall Street view on Quantum Computing currently.
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