7/1014 sources · 9 publishersUpdated Oct 15, 15:35 UTC
Morgan Stanley upgrades Quantinuum to Overweight and cuts price target to $62
Morgan Stanley upgraded Quantinuum (QNT) to Overweight, naming it its top pick in quantum computing and lowering its price target from $78 to $62. The analyst cited the company's leadership in technology and execution, forecasting $2 billion in computing revenue by 2030 and a market that could exceed $100 billion by 2040. The upgrade sent the stock up about 5% in pre‑market trading.
Why it matters
The new $62 target still implies roughly 88% upside from current levels, suggesting further price appreciation for investors. The forecast of $2 billion revenue by 2030 provides a concrete growth horizon that may influence valuation models.
Key facts
- 1Morgan Stanley upgraded Quantinuum to Overweight from Equal‑weight. finance.biggo.com
- 2The price target was cut from $78 to $62. finance.biggo.com
- 3Shares rose 4.9% in pre‑market trading after the upgrade. finance.biggo.com
- 4Morgan Stanley forecasts $2 billion in computing revenue for Quantinuum by 2030. finance.biggo.com
- 5The firm estimates the quantum computing market could exceed $100 billion by 2040. finance.biggo.com
- 6Quantinuum reported Q2 revenue of $8.0 million, beating estimates of $7.6 million. investing.com
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.