Investment firm Wedbush says that Quantum Computing Inc. (QUBT) has become “bigger and better” after its recent acquisitions, but the firm still views the stock as a “show me” story. Four-star analyst Antoine Legault said the company’s first-quarter results and commentary were encouraging, especially after revenue surged nearly 9,000%. Still, Wedbush kept a Hold rating and a $12 price target because Quantum Computing remains earlier in its development than its public peers and still has a much smaller quantum hardware revenue base.
Meet Samuel – Your Personal Investing Prophet
Double your QUBT exposure with Tradr's QUBXA major part of Wedbush’s outlook is tied to Quantum Computing’s acquisition of Luminar Semiconductors, or LSI. Legault expects LSI to add $20 million to $25 million in revenue in 2026 and believes that it will strengthen QUBT’s semiconductor capabilities. Indeed, LSI could help the company expand its addressable market and deliver integrated photonic solutions on a larger scale. In addition, Quantum Computing’s March acquisition of NuCrypt added more quantum communications capabilities to the business.
It’s worth noting that the company reported first-quarter revenue of $3.7 million, beating estimates of $3.13 million, with the jump helped by the LSI and NuCrypt deals. As a result, shares rose nearly 20% at the time of writing. Quantum Computing also ended the quarter with $1.4 billion in cash and equivalents and a $16 million contract backlog. So while the numbers showed real progress, Wedbush still needs to see stronger execution over time.
Is QUBT Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on QUBT stock based on four Buys, two Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average QUBT price target of $17.83 per share implies 46.5% upside potential.
