JPMorgan analyst Harlan Sur initiates coverage on Quantinuum Inc (NASDAQ: QNT) with a Overweight rating and a price target of $97.00.

The analyst comments: “We are initiating coverage of Quantinuum (QNT) with an Overweight rating and December 2027 price target of $97. Quantinuum is a leader in quantum computing with two-qubit gate fidelity that is among the highest in the industry (99.92% on Helios platform), a high number of logical qubits at a low physical-to-logical overhead, a full-stack software and applications platform and, post its recent IPO, one of the the strongest balance sheets in the group. Our Overweight rating contemplates the fact that the team has over 10+ years in trapped ion quantum computing technology (started off as part of Honeywell’s Quantum Solutions team), focused on/optimized the trapped ion architecture and has brought three generations of trapped ion systems to the market over the past six years—with a scalable roadmap to hundreds/thousands of logical qubits over the next four/five years. Commercial momentum is building (diversified ~$5B+ pipeline) and the team has a strong customer pipeline across financial services, automotive, industrial, telco service providers, sovereign, and US government initiatives.”

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Shares of Quantinuum Inc closed at $75.57 yesterday.