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.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade QUBTPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QUBT:
- Quantum Computing initiated with a Buy at Rosenblatt
- Quantum Leap: Honeywell confirms IPO plans for Quantinuum
- Quantum Computing Pursues Luminar Assets to Expand Photonics
- Quantum Computing Inc. (QUBT) Places $22 Million Lead Bid for Luminar Assets
- Quantum Computing chosen as stalking horse bidder for Luminar assets