Stocks · News reference
Ascendiant Capital analyst Edward Woo maintains Quantum Computing (NASDAQ:QUBT) with a Buy and raises the price target from $30 to $32.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Quantum Computing Inc. (QUBT) reported strong revenue growth to $5.6M in Q2 2026 but remains unprofitable with a $1.2M gross loss. The company spent $180M on three acquisitions, expanding capabilities but introducing integration risks. Operating expenses surged 114% YoY. Peers D-Wave and Rigetti also face challenges with uneven revenues tied to large contracts and high expense intensity relative to their revenue bases.
Top analysts changed outlook on top names: Piper raised $INTU price target, Ascendiant raised $QUBT target, BTIG cut $DKS target, HC raised $ZYME target, Needham increased $JAZZ target, Bernstein cut $MSTR target, Barclays raised $MDB target, UBS raised $SMTC target.
The article compares two quantum computing companies: IonQ, which uses trapped-ion technology and achieved $130M in FY2025 revenue (202% growth), and Quantum Computing Inc., which focuses on photonic chips with only $682K in revenue (82.8% growth). Despite both companies posting significant losses, IonQ is recommended as the better buy due to stronger revenue momentum ($80.1M in Q2 2026, 287% YoY growth), a $28M DARPA contract, and a more attractive valuation multiple.