Quantum Computing initiated with a Buy at Rosenblatt

Rosenblatt last night initiated coverage of Quantum Computing (QUBT) with a Buy rating and $22 price target Quantum has “legitimate” quantum assets across photonics, compute, security and sensing, the analyst tells investors in a research note. The firm says the company also has “burgeoning” thin film lithium niobate fabs that could supply the company’s industry needs for integrated quantum photonics, nonlinear optics and optical waveguides. Rosenblatt likes Quantum’s risk/reward, seeing an “immediate opportunity” to participate in quantum computing.