October 19, 2026
Analyst Bio:
Rosenblatt analyst John McPeake reiterates a Buy rating on Quantum Computing (QUBT) with a $22 price target after hosting meetings with management. The company has commercial products shipping today from quantum optimization to quantum-secure communications to sensing, and is also making its own thin-film lithium niobate chips to shrink those products to chip scale, the analyst tells investors in a research note. The firm says Quantum Computing’s balance sheet “remains a strong support for the stock.” The company has $1.32B of cash and investments, which equates to $5.67 per share, or 89% of Friday’s $6.84 closing price, contends Rosenblatt.
