Ascendiant Capital Starts Quantum Computing, Inc. (QUBT) at Buy, Earlier Today

Ascendiant Capital analyst Edward Woo initiates coverage on Quantum Computing, Inc. (NASDAQ: QUBT) with a Buy rating and a price target of $11.00.

Analyst comments: "We believe that the biggest potential variable and challenge to our financial model is the ability of the company to successfully commercialize and grow its quantum computing platforms (both in the increase in number of customers and in revenue per customer). We calculate a 12-month price target for shares of Quantum to be $11 based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with the company’s high growth prospects and large upside opportunities."

For an analyst ratings summary and ratings history on Quantum Computing, Inc. click here. For more ratings news on Quantum Computing, Inc. click here.

Shares of Quantum Computing, Inc. closed at $6.25 yesterday.

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