Evercore ISI Group Reiterates Buy Rating on QNT
Evercore ISI Group maintains its buy rating on QNT, setting a $98 price target, a 19.89% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating for QNT, setting a price target of $98 on June 29, 2026.
- Evercore ISI Group's $98 price target implies 19.89% upside from Quantinuum Inc.'s ($QNT) current $81.74 share price.
- QNT shares traded at $75.57 on Monday, with analysts from Rosenblatt, Mizuho, and others also initiating buy ratings.
- Insider purchases included 66,665 shares by Joseph Jimenez and 13,333 shares by Michal Stepniak at $60 each in early June.
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Shares of QNT were trading at $75.57 on Monday when Evercore ISI Group reiterated its buy rating for the company. Analyst Mark Lipacis set a price target of $98 on June 29, 2026. This comes as other analysts, including those from Rosenblatt and Mizuho, have also initiated buy ratings for QNT.
Evercore ISI Group vs. the S&P 500
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Insider Buying and Selling at Quantinuum Inc.
Several insiders bought shares of QNT on June 5, 2026. Joseph Jimenez acquired 66,665 shares, while Michal Stepniak purchased 13,333 shares, both at $60 per share. Vimal Kapur bought 13,000 shares, Eric Branderiz picked up 8,334 shares, and Chief Financial Officer Nitesh Sharan added 6,500 shares, all at the same price.
Analysts Set New Price Targets
On June 29, 2026, Rosenblatt initiated coverage on QNT with a buy rating and a price target of $155. Mizuho also initiated a buy rating, setting their target at $90. Evercore ISI Group, reiterating its stance, set a $98 target. B of A Securities and Needham both initiated buy ratings with targets at $100.
Bottom Line
Investors are closely watching QNT as Evercore ISI Group and other analysts issue positive ratings. The reiterated buy rating and $98 target by Evercore ISI suggest confidence in QNT's potential. This follows significant insider buying in early June, which may indicate strong internal belief in the company's future prospects.
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