Quantum Computing initiated with a Buy at Lake Street

Lake Street initiated coverage of Quantum Computing (QUBT) with a Buy rating and $24 price target calling the stock a “compelling way to participate in the rapidly growing market of quantum computing.” Broader adoption of quantum computing is still in its early stages, but the firm believes the company is approaching an inflection point where it will see a step function in revenue in 2026 and 2027 as continued technological advancements in the industry and Quantum’s first-mover advantage “create a long runway for growth,” the analyst tells investors.