Quantinuum, the quantum computing company that went public less than a month ago, just picked up another bullish analyst call. Craig-Hallum’s Richard Shannon initiated coverage on the stock with a Buy rating and a $100 price target, implying roughly 50% upside from where shares are currently trading.
For a company that priced its IPO at $60 per share on June 4, this is the kind of early Wall Street enthusiasm that either validates a thesis or sets up a spectacular disappointment.
The analyst consensus is unusually unified
Craig-Hallum isn’t exactly going out on a limb here. Among 14 analysts covering Quantinuum (NASDAQ: QNT), 12 have issued Buy ratings and just 2 have opted for Hold. Zero sells.
The IPO itself was upsized, ultimately raising $1.68 billion in gross proceeds. A consortium of heavyweight firms, including BofA, JPMorgan, Jefferies, UBS, Needham, and Mizuho, have all weighed in with positive outlooks. The consensus price target suggests substantial upside from the stock’s current perch in the mid-to-high $60s.
