Rosenblatt Reiterates Buy Rating for Quantum Computing Inc.
Rosenblatt reaffirmed its buy rating for Quantum Computing Inc. with a $22 price target, a 126.80% upside from the current price.
Key Points
- Rosenblatt reiterated its buy rating for Quantum Computing Inc. (QUBT) with a $22 price target on June 29, 2026.
- Rosenblatt's $22 price target implies 126.80% upside from Quantum Computing Inc.'s ($QUBT) current $9.70 share price.
- Quantum Computing Inc. shares traded around $9.18 on Monday, with a market cap of about $2.07 billion.
- Recent insider buying included over 120,000 shares purchased by company executives on May 28, 2026.
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Rosenblatt reiterated its buy rating for Quantum Computing Inc. (NasdaqCM:QUBT) on June 29, 2026, maintaining a price target of $22. Analyst John McPeake highlighted the company's potential in the quantum computing space.
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Quantum Computing Inc. Stock Up 17.9%
Shares of NasdaqCM:QUBT traded near $9.18 on Monday. Quantum Computing Inc. has a market cap of approximately $2.07 billion. The stock has been volatile, with a 52-week low of $6.18 and a high of $25.84. Its forward P/E ratio is not meaningful as the company isn't profitable, and it holds a beta of 3.743, indicating higher volatility compared to the market. The company maintains a strong liquidity position with a current ratio of 66.672 and a quick ratio of 66.052.
$QUBT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Quantum Computing Inc.
On May 28, 2026, several insiders at Quantum Computing Inc. purchased shares. Chief Revenue Officer Dianat Pouya bought 34,753 shares, while CEO and President Dr. Yuping Huang acquired 82,146 shares. Additionally, Chief Operating Officer Milan Begliarbekov purchased 34,753 shares. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On June 29, 2026, Rosenblatt maintained its buy rating for Quantum Computing Inc. with a $22 price target. Earlier, on June 15, 2026, Ascendiant Capital also maintained a buy rating with a $30 target. Northland Capital Markets initiated coverage on April 20, 2026, with a buy rating and a $20 target. The overall analyst consensus for Quantum Computing Inc. is a buy, with a mean price target of $18.33 among six analysts.
About Quantum Computing Inc.
Quantum Computing Inc., based in Hoboken, New Jersey, is a technology firm specializing in quantum machines for commercial and government markets. The company develops advanced photonic devices and quantum computing solutions, including the entropy quantum computer and Emucore, a reservoir computing machine. Led by CEO Dr. Yuping Huang, the company employs around 72 people and continues to innovate in quantum technology applications.
Bottom Line
Rosenblatt's reiterated buy rating and price target suggest confidence in Quantum Computing Inc.'s growth potential. Investors track these analyst updates for insights into the company's prospects. It's important to remember that analyst ratings are backward-looking and may not reflect current market conditions.
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