JP Morgan Rates Quantinuum (QNT) buy, $97 Price Target
JP Morgan has reiterated its buy rating for Quantinuum Inc., setting a price target of $97, a 18.67% upside from the current price.
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JP Morgan rated Quantinuum Inc. ($QNT) "buy" with a $97 price target on June 29, 2026.
Since the rating, $QNT is up 14.2% after 1 week, down 35.0% after 1 month and down 49.8% to date (from the $72.84 close on Jun 29, 2026).
QNT
Quantinuum Inc.
Key Points
- On June 29, 2026, JP Morgan's Harlan Sur reiterated a buy rating for Quantinuum Inc. (QNT) with a price target of $97.
- JP Morgan's $97 price target implies 18.67% upside from Quantinuum Inc.'s ($QNT) current $81.74 share price.
- Shares of Quantinuum Inc. traded at $81.74 on Wednesday, with a 52-week high of $82.3 and a market cap of approximately $21.19 billion.
- Recent analyst actions include multiple buy ratings, with a consensus target price of $93 among nine analysts.
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JP Morgan analyst Harlan Sur reiterated a buy rating for Quantinuum Inc. (NasdaqGM: QNT) on June 29, 2026. Sur set a price target of $97 for the quantum computing company. Shares of Quantinuum traded at $81.74 on Wednesday, reflecting confidence in the company's future potential.
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Quantinuum Inc. Stock Up 58.5%
Shares of NasdaqGM:QNT were priced at $81.74 on Wednesday. Quantinuum Inc. has a market cap of about $21.19 billion. The stock has seen a 52-week high of $82.3 and a low of $50.1. It has a 50-day moving average of $63.29 and a 200-day moving average of the same value. The company has a strong current ratio of 11.04 and a quick ratio of 10.66, indicating robust liquidity. However, with a forward P/E of -52.22, the company is not currently profitable.
$QNT price target
Quantinuum Inc. daily closes and this analyst's $97 target. Not advice.
Insider Buying and Selling at Quantinuum Inc.
On June 5, 2026, several insiders bought shares of Quantinuum Inc. at an average price of $60. Notable transactions include Michal Stepniak purchasing 13,333 shares, Joseph Jimenez acquiring 66,665 shares, and Vimal Kapur buying 13,000 shares. CFO Nitesh Sharan also bought 6,500 shares, all outside of any planned trading programs.
Analysts Set New Price Targets
On June 29, 2026, several firms initiated coverage on Quantinuum Inc. Morgan Stanley started with a hold rating and a $78 target. UBS, JP Morgan, Jefferies, and Cantor Fitzgerald all initiated with buy ratings, setting targets between $90 and $97. Craig-Hallum and Rosenblatt were more bullish, with targets of $100 and $155, respectively. The consensus target price among nine analysts is $93.
About Quantinuum Inc.
Quantinuum Inc., headquartered in Broomfield, Colorado, develops and manufactures quantum computing hardware and software. Founded in 2021, the company offers a comprehensive quantum computing platform that includes hardware platforms, developer tools, and application libraries. Led by CEO Nitesh Sharan, Quantinuum aims to make quantum computing accessible for real-world applications. The company operates within the technology sector, specifically in the software application industry, and employs 679 people.
Bottom Line
JP Morgan's reiterated buy rating and $97 price target highlight continued confidence in Quantinuum Inc.'s potential. With multiple analysts initiating coverage, the company's quantum computing innovations are attracting significant attention. Investors will be watching closely as Quantinuum aims to capitalize on its technological advancements in a competitive market.
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Source: JP Morgan's rating change on $QNT (Jun 29, 2026). Written by software, not financial advice. How we make alerts