Tag: $Quantinuum

Quantinuum stock rose 4.5% in pre-open trading today after Morgan Stanley lifted its rating on the shares to Overweight from Equalweight, setting a price target of $62.00 and designating the company its top quantum computing pick-a re-rating that sent the stock surging from levels near its 52-week low of $33.02.

Quantinuum  topped analysts’ estimates in its first quarterly report as a public company, though investors barely blinked. The real story may not be in the numbers.

Honeywell’s (HON.O),  Quantinuum is targeting a valuation of up to $12.7 billion in its U.S. initial public offering, it ​said on Tuesday, as it looks to capitalize on ‌heightened investor attention around quantum computing.