Infleqtion initiated with a Buy at BTIG

BTIG initiated coverage of Infleqtion (INFQ) with a Buy rating and $22 price target The firm says Infleqtion is one of few public quantum compute companies generating revenue today from its neutral atom platform. The platform addresses both the $130B quantum computing and $30B quantum sensing industries, the analyst tells investors in a research note. BTIG sees the company’s as early-stage with a “highly competitive computing platform available at a significant discount to less technically advanced peers.”