Analyst Stays Bullish on QUBT Despite Price Target Cut - Quantum Computing Still a Buy
Wall Street's quantum darling gets a reality check—but true believers aren't flinching.
THE BULL CASE HOLDS
Even with trimmed expectations, analysts maintain their overweight rating on Quantum Computing stock. The long-term thesis remains intact: quantum supremacy isn't a matter of if, but when. Early investors who weathered the crypto winter know this dance all too well—sometimes you need to see through the short-term noise to catch the real wave.
MARKET MATURITY MEETS HYPE CYCLE
Price target cuts typically send retail investors scrambling, but institutions see this as standard portfolio management. Quantum computing represents the bleeding edge of tech convergence—where blockchain, AI, and quantum mechanics collide. The smart money knows disruptive technology never follows a straight line upward.
Remember when they said Bitcoin would never recover from $3,000? Quantum skeptics sound awfully familiar. Another case of traditional finance underestimating exponential technology while chasing quarterly earnings.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
He said the price cut wasn’t tied to execution or fundamentals, but to the broader pullback in high-risk tech stocks. According to him, quantum stocks are now trading at lower valuation levels as investors shift toward safer names, and QUBT’s new price target reflects those market conditions rather than any change in the company’s long-term potential.
Michaelis is a five-star analyst on TipRanks, ranking #411 out of 10,123 analysts tracked. He has a 58% success rate and an average return per rating of 80.30%.
Q3 Numbers Point to Rising Momentum
Michaelis issued the update following the company’s Q3 earnings report. Revenue came in at $384,000, up sharply from a year ago and ahead of estimates. The company also posted earnings of $0.01 per share, beating analysts’ expectations of a $0.06 loss. Meanwhile, QUBT ended the quarter with a strong cash position of $352 million, giving it room to expand and invest.
While Quantum Computing is still early in its business cycle, he said the earnings report showed ongoing revenue progress and some signs of rising customer interest. He believes the company is beginning to build a clearer path for future sales, even though the current revenue base remains small.
Growth Story Still Intact
Despite lowering the price target, Michaelis remains positive about Quantum Computing’s long-term outlook. He sees the company as an early player in a new field with room to expand and expects demand for quantum tech to grow as more companies explore uses in cybersecurity, defense, and research.
He noted that the company is starting to see progress in revenue and early customer interest. As the business signs more deals and proves demand, he expects the stock to gain strength.
According to Michaelis, the next phase for QUBT is all about execution. He pointed to upcoming customer wins, product rollouts, and broader partnerships as potential catalysts. In his view, there is still upside for investors who are willing to wait as the industry develops.
Is QUBT a Strong Buy?
Turning to Wall Street, QUBT stock has a Moderate Buy consensus rating based on two Buys assigned in the past three months. At $28.00, the average Quantum Computing stock price target implies a 143.48% upside potential.
