Quantinuum (QNT) shares pushed higher on Oct. 15 after Morgan Stanley named the company its preferred quantum computing investment. Analyst Joseph Moore upgraded QNT stock this morning to “Overweight” and assigned a downwardly revised $62 price target, which still implies potential upside of about 70% from current levels.
His bullish call arrives as Quantinuum stock is down a little under 50% versus its year-to-date high in early July.