Morgan Stanley Upgrades Quantinuum to Overweight on Technology Edge; Shares Rise

3-line summary

• Morgan Stanley upgraded quantum computing company Quantinuum (QNT) to 'Overweight' from 'Equal-weight' while lowering its price target to $62 from $78, implying about 88% upside from recent levels, per Investing.com. Analyst Joseph Moore called Quantinuum 'the most advanced contestant in the industry,' citing technology progress, execution, manufacturability and commercial metrics, with technology differentiation weighted most heavily at this stage; the firm named it its top pick among pure-play quantum companies, noting the market assigns it the lowest revenue multiple against 2030 revenue estimates among its peer group.
• Quantinuum shares rose 4.9% in premarket trading Thursday. Among peers, Morgan Stanley kept IonQ at 'Equal-weight' and initiated coverage on Infleqtion and Xanadu, both at 'Equal-weight.'

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