Jefferies Reiterates Buy Rating on Quantinuum Inc. (QNT)
Jefferies maintains its buy rating on Quantinuum with a $90 price target, a 10.11% upside from the current price.
Key Points
- Jefferies reiterated its buy rating on Quantinuum Inc. (QNT) with a price target of $90.
- Jefferies's $90 price target implies 10.11% upside from Quantinuum Inc.'s ($QNT) current $81.74 share price.
- Shares of QNT traded near $81.74 on Wednesday, with a 52-week range between $50.1 and $82.3.
- Insiders, including CFO Nitesh Sharan, bought shares in early June, and other analysts have set targets as high as $155.
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Jefferies has reiterated its buy rating on Quantinuum Inc. (NasdaqGM: QNT) with a price target of $90. This decision comes as the stock traded near $81.74 on Wednesday, June 29, 2026.
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Quantinuum Inc. Stock Up 63.7%
Shares of Quantinuum Inc. were trading near $81.74 on Wednesday. The company, which specializes in quantum computing hardware and software, has a market cap of approximately $21.19 billion. Although Quantinuum is not currently profitable, with a forward P/E ratio of -52.22, its stock has seen a 52-week low of $50.1 and a high of $82.3. The company maintains a strong liquidity position, with a current ratio of 11.04 and a quick ratio of 10.66.
$QNT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Quantinuum Inc.
Several insiders at Quantinuum Inc. made notable stock purchases on June 5, 2026. Among them, CFO Nitesh Sharan acquired 6,500 shares at an average price of $60. Other insiders, such as Michal Stepniak and Joseph Jimenez, purchased 13,333 and 66,665 shares respectively, at the same price, indicating a potential vote of confidence in the company's future.
Analysts Set New Price Targets
On June 29, 2026, Jefferies reiterated its buy rating on Quantinuum with a $90 price target. Other firms also initiated coverage on the stock the same day. Morgan Stanley gave it a hold rating with a $78 target, while UBS and JP Morgan both set buy ratings with targets of $93 and $97, respectively. Cantor Fitzgerald and Mizuho echoed Jefferies' target at $90, and Craig-Hallum set a higher target of $100. Notably, Rosenblatt provided the most optimistic outlook with a $155 target. The consensus among nine analysts is a buy recommendation, with an average target price of $93.
About Quantinuum Inc.
Quantinuum Inc., based in Broomfield, Colorado, is a leading player in the quantum computing industry. Founded in 2021, the company develops and manufactures quantum computing hardware and software. Its platform integrates quantum hardware systems and middleware with application software, making quantum computing accessible for real-world applications. Led by CEO Mr. Nitesh Sharan, Quantinuum employs 679 people and serves a global market.
Bottom Line
Jefferies' reiteration of its buy rating on Quantinuum Inc. reflects continued confidence in the company's potential within the quantum computing sector. Despite not being profitable, Quantinuum's strong insider buying and robust analyst coverage underscore its growth prospects. Investors should note that analyst ratings are based on forward-looking assessments and may not represent the current market conditions.
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