Wedbush Says Quantum Computing Stock Is "Bigger and Better," but Still Wants Proof
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Wedbush has upgraded its outlook on Quantum Computing Inc. (QUBT), stating it has become "bigger and better" following recent acquisitions, yet maintains a Hold rating with a $12 price target. Analyst Antoine Legault noted a significant revenue increase of nearly 9,000% in Q1, driven by acquisitions of Luminar Semiconductors and NuCrypt. Despite positive results, Wedbush emphasizes the need for stronger execution as QUBT is still developing compared to peers. Analysts have a Moderate Buy consensus on QUBT, with an average price target of $17.83, indicating a potential upside of 46.5%.
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