Bank of America, UBS and Jefferies on Monday initiated coverage of quantum computing company Quantinuum (QNT) with buy ratings, touting its broad hardware and software platform. Quantinuum stock climbed on the news.
At Bank of America, ***** yst Vivek Arya initiated coverage of Quantinuum with a price target of 100.
"Quantinuum's newest platform, Helios, delivers industry-leading commercial performance and has already won over customers including Amgen and BMW who use it in the cloud and on premises," Arya said in a report. "While many quantum roadmaps rely on unproven integration and/or scientific progress, we think QNT's is relatively derisked, with scaling more dependent on engineering execution across its architecture and systems."
Jefferies ***** yst Kevin Garrigan set a price target of 90 on QNT stock. Controlled by Honeywell International (HON), Quantinuum launched an initial public offering on June 4.
"Quantinuum is a leading quantum computing company, differentiated by a vertically integrated full-stack model combining high-fidelity trapped-ion hardware, an industry-leading software stack, and a deep commercial customer base across chemistry, materials, financial services and cybersecurity," Garrigan said in a report.
At Bank of America, ***** yst Vivek Arya initiated coverage of Quantinuum with a price target of 100.
"Quantinuum's newest platform, Helios, delivers industry-leading commercial performance and has already won over customers including Amgen and BMW who use it in the cloud and on premises," Arya said in a report. "While many quantum roadmaps rely on unproven integration and/or scientific progress, we think QNT's is relatively derisked, with scaling more dependent on engineering execution across its architecture and systems."
Jefferies ***** yst Kevin Garrigan set a price target of 90 on QNT stock. Controlled by Honeywell International (HON), Quantinuum launched an initial public offering on June 4.
"Quantinuum is a leading quantum computing company, differentiated by a vertically integrated full-stack model combining high-fidelity trapped-ion hardware, an industry-leading software stack, and a deep commercial customer base across chemistry, materials, financial services and cybersecurity," Garrigan said in a report.
3 months ago
