Kingsley Crane Reiterates Buy on Xanadu Quantum Technologies, Maintains $34 Price Target on Strengthened Long-Term Roadmap
Tip Ranks·- Canaccord Genuity analyst Kingsley Crane maintained a buy rating on Xanadu Quantum Technologies with an unchanged price target of 34 USD. - The rating is supported by a strengthened long-term roadmap that redefines core challenges as engineering problems, alongside government funding and ecosystem advantages. - Key milestones include reduced optical loss, clear fault-tolerant pathways, and a target to scale logical qubits by 2031.