7/1021 sources · 12 publishersUpdated Oct 17, 11:53 UTC
Morgan Stanley upgrades Quantinuum to Overweight and cuts price target to $62
Morgan Stanley raised its rating on Quantinuum to Overweight, naming the company its top pick in quantum computing and lowering the price target from $78 to $62. The bank highlighted Quantinuum’s technical lead and execution record, forecasting $2 billion of revenue by 2030. The upgrade sent the shares up about 4½% in pre‑market trading.
Why it matters
The new target implies roughly 88% upside from the current price, offering investors a higher potential return if the company meets its revenue outlook (Morgan Stanley’s note). The rating change may also attract additional institutional interest to a sector with limited coverage.
Key facts
- 1Morgan Stanley changed its rating on Quantinuum to Overweight and set a price target of $62, down from $78. investing.com
- 2Quantinuum’s share price was $33.03 at the time of the upgrade. investing.com
- 3The stock rose roughly 4.6% in pre‑market trading after the upgrade. seekingalpha.com
- 4Morgan Stanley projects Quantinuum revenue of $2 billion by 2030. finance.biggo.com
- 5Quantinuum’s current price‑to‑sales ratio is about 90.25. gurufocus.com
- 6Insiders bought $24.7 million of Quantinuum shares over the past 12 months, with no insider sales reported. gurufocus.com
Summary written by AlphAI AI Desk from 20 of 21 sources. Not investment advice. Figures are as stated by the linked sources.