Quantinuum Inc. (NASDAQ:QNT – Get Free Report)’s share price fell 8.2% during trading on Monday . The company traded as low as $64.55 and last traded at $64.64. 666,721 shares were traded during trading, a decline of 82% from the average session volume of 3,752,017 shares. The stock had previously closed at $70.45.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on QNT. Mizuho assumed coverage on shares of Quantinuum in a report on Monday, June 29th. They issued an “outperform” rating and a $90.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Quantinuum in a report on Monday, June 29th. They set a “buy” rating and a $90.00 price target for the company. Craig Hallum initiated coverage on shares of Quantinuum in a research report on Monday, June 29th. They issued a “buy” rating and a $100.00 price objective on the stock. UBS Group assumed coverage on shares of Quantinuum in a report on Monday, June 29th. They issued a “buy” rating and a $93.00 price objective on the stock. Finally, Wall Street Zen cut shares of Quantinuum from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Quantinuum presently has a consensus rating of “Moderate Buy” and an average price target of $98.75.
View Our Latest Research Report on QNT
Quantinuum Stock Performance
Insider Buying and Selling at Quantinuum
About Quantinuum
Quantinuum is a quantum computing company focused on developing hardware and software for commercial and scientific applications. The company provides access to its quantum systems, along with software tools and services designed to help customers explore use cases in areas such as optimization, materials science, chemistry, cybersecurity, and machine learning.
The company was formed through the combination of Honeywell Quantum Solutions and Cambridge Quantum in 2021. Quantinuum operates internationally and serves a range of customers across enterprise, government, and research markets.
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