Ascendiant Capital Reiterates Buy Rating for Quantum Computing Inc.

Ascendiant Capital has reiterated its buy rating on Quantum Computing Inc. (NasdaqCM:QUBT) as of June 15, 2026. Analyst Edward Woo set a price target of $30, maintaining confidence in the company's growth potential.

Other Institutional Activity in Quantum Computing Inc.

BlackRock, Inc. trimmed its position by 507,800 shares, holding 16,139,212 shares worth about $110.6 million. Vanguard Capital Management LLC initiated a new stake with 8,762,295 shares valued at approximately $60 million. Similarly, Vanguard Portfolio Management LLC added 6,710,124 shares, bringing its total to a value of $45.9 million. Geode Capital Management, LLC increased its holdings by 135,113 shares, ending with 4,700,305 shares valued at $32.2 million. State Street Corp grew its position by 172,797 shares, holding 4,516,820 shares worth $30.9 million.

Quantum Computing Inc. Stock Up 19.9%

Shares of Quantum Computing Inc. traded near $9.93. The company boasts a market cap of $2.24 billion and a beta of 3.743, indicating high volatility. The stock's 52-week range spans from $6.18 to $25.84, with a 50-day moving average of $9.72 and a 200-day moving average of $11.91. Its financial health shows a strong current ratio of 66.67 and a quick ratio of 66.05, with a low debt-to-equity ratio of 0.341.

Recent Earnings

Quantum Computing Inc. reported revenues of $4.33 million, reflecting a robust growth rate of 93.64%. However, the company posted a negative EPS of $-0.26, translating to no meaningful P/E ratio as it is not currently profitable. The next earnings report is anticipated on August 10, 2026.

Insider Buying and Selling at Quantum Computing Inc.

On May 28, 2026, several insiders, including CEO Dr. Yuping Huang, made significant purchases. Dr. Huang bought 23,588 shares, while Chief Revenue Officer Dianat Pouya acquired 34,753 shares. Chief Operating Officer Milan Begliarbakov also added 34,753 shares. These transactions were not part of any pre-planned trading schemes.

Analysts Set New Price Targets

On June 15, 2026, Ascendiant Capital maintained its buy rating for Quantum Computing Inc. with a $30 price target. Previously, Northland Capital Markets had initiated coverage with a buy rating and a $20 target on April 20, 2026. Cantor Fitzgerald maintains a hold rating with a $10 target as of March 3, 2026. The consensus recommendation is a buy, with an average target price of $18.33 based on six analyst opinions.

About Quantum Computing Inc.

Quantum Computing Inc., based in Hoboken, New Jersey, is a technology company specializing in computer hardware. It develops advanced quantum machines and optical devices for commercial and government clients. The firm is known for its thin-film lithium niobate chips and is pioneering the entropy quantum computer. Additionally, Quantum Computing Inc. offers a range of innovative products like Emucore and Neurawave, focusing on applications in neural networks and remote sensing.

Bottom Line

Ascendiant Capital's reiterated buy rating and $30 target price highlight confidence in Quantum Computing Inc.'s potential. As a technology company with innovative quantum solutions, it remains a focus for investors. Remember, 13F filings and analyst ratings are backward-looking and may not reflect current positions or sentiments.