Jefferies Reiterates Buy Rating for QNT, Targets $90
Jefferies maintained its buy rating for QNT, setting a $90 price target, a 10.11% upside from the current price.
Key Points
- Jefferies reiterated its buy rating on QNT with a price target of $90, as reported on June 29, 2026.
- Jefferies's $90 price target implies 10.11% upside from Quantinuum Inc.'s ($QNT) current $81.74 share price.
- Shares of QNT traded near $75.57 on Monday, reflecting the analyst's confidence in the stock's potential.
- Multiple analysts, including JP Morgan and Rosenblatt, initiated buy ratings with targets ranging from $90 to $155.
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Jefferies analyst Kevin Garrigan has reiterated a buy rating for QNT, setting a price target of $90. This announcement came on June 29, 2026, as QNT shares traded around $75.57 on Monday.
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Analysts Set New Price Targets
On June 29, 2026, several firms announced their ratings for QNT. JP Morgan initiated coverage with a buy rating and a target of $97. Jefferies also reiterated its buy rating with a target of $90. Cantor Fitzgerald and Mizuho followed suit, both setting a $90 target. Craig-Hallum and B of A Securities were more optimistic with targets of $100, while Rosenblatt set a higher target of $155. Evercore ISI Group also initiated coverage with a target of $98.
Insider Buying and Selling at Quantinuum Inc.
On June 5, 2026, several insiders purchased shares of QNT at approximately $60 each. Michal Stepniak bought 13,333 shares, Joseph Jimenez purchased 66,665 shares, and Vimal Kapur acquired 13,000 shares. Eric Branderiz added 8,334 shares, Prineha Narang bought 200 shares, and Nitesh Sharan, the Chief Financial Officer, purchased 6,500 shares. These transactions were not part of a planned trading program.
Bottom Line
Jefferies' reiteration of its buy rating for QNT with a $90 target reflects confidence in the company's potential. This comes amid a series of buy ratings from other analysts, suggesting a positive outlook for the stock. While insider buying activity also indicates internal confidence, investors should consider that these ratings and transactions are part of a broader market context and not a direct recommendation.
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