Lake Street analyst Max Michaelis lowered the firm’s price target on Quantum Computing (QUBT) to $16 from $24 and keeps a Buy rating on the shares. While the firm believes shares can work higher as investors better appreciate the company’s revenue ramp and continue to look for exposure to this greenfield sector, it is lowering its price target to reflect the broader multiple compression that has occurred in the quantum computing sector.
Claim 30% Off TipRanks
Trade QUBT with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QUBT:
- With Quantum Computing (QUBT) Stock Up Over 15%, Let’s Look at Who Owns It
- Quantum Computing News: Nvidia, IonQ, and China Push Toward Profitable Chips and Global Scale
- Quantum Computing’s Earnings Call: A Promising Outlook
- Quantum Computing Inc. Reports Strong Q3 2025 Growth
- QUBT Earnings: Quantum Computing Stock Jumps after Smashing Q3 Estimates