Quantum Computing (QUBT) Stock Rises on Rosenblatt’s Bullish Initiation
Quantum Computing Inc. shares surged 4.3% to $12.70 after Rosenblatt Securities launched coverage with a Buy rating and $22 price target, implying 73% upside potential. The quantum photonics specialist saw trading volume spike 17% above average as investors reacted to the bullish call.
Rosenblatt analysts highlighted the company's Fab 1 and Fab 2 manufacturing strategy for scaling photonic-chip production. Despite beating revenue expectations with $0.38 million last quarter, mixed signals persist—insider selling by the COO contrasts with Wall Street's Moderate Buy consensus and $18 average target.