Quantum Computing Initiates Buy Recommendation with 2.83% Upside Projected by Lake Street

Lake Street initiates coverage of Quantum Computing (QUBT) with a Buy recommendation. The average one-year price target for QUBT is $18.87/share, representing a 2.83% increase from its latest closing price. Projected annual revenue is 3MM, up 869.58%, and non-GAAP EPS is -0.51. There are 307 funds or institutions reporting positions in QUBT, with an average portfolio weight of 0.09%.

Lake Street Capital has initiated coverage on Quantum Computing Inc. (QUBT) with a "buy" rating and a price target of $24.00, indicating a potential upside of 35.52% from its current price. The stock has received a consensus rating of "Moderate Buy" from analysts, with a consensus target price of $20.33. This move comes as QUBT continues to make strides in the quantum computing sector, with significant commercial traction and technological advancements.

During the second quarter of 2025, Quantum Computing Inc. sold its EmuCore reservoir computing device to a major global automotive manufacturer. This technology, built on a field-programmable gate array (FPGA), offers a secure, low-power platform for machine learning, ideal for exploring edge use cases and validating processing workloads. The sale validates QCi’s reservoir computing platform in real-world settings and paves the way for future adoption of its PCIe-based photonic reservoir computing units QUBT Gains Commercial Traction With Quantum AI and Cybersecurity Deals (Revised)^[1].

In July, QCi announced its first U.S. commercial sale of quantum cybersecurity solutions, a $332,000 purchase order from a top-five U.S. bank for its quantum communication system. The system uses entangled photons at telecom wavelengths in compact, rack-mountable hardware, compatible with existing infrastructure. It supports both quantum encryption and QCi’s patented quantum authentication. The bank will use the system to create a Cybersecurity Quantum Optics Lab to test next-gen security tools like quantum key distribution, quantum authentication, and quantum random number generation QUBT Gains Commercial Traction With Quantum AI and Cybersecurity Deals (Revised)^[1].

The company has also seen positive developments in its stock performance. In the past year, QCi’s shares have soared 2615.3%, outperforming the industry’s 46% growth. The S&P 500 composite grew 20.8% in the same period QUBT Gains Commercial Traction With Quantum AI and Cybersecurity Deals (Revised)^[1].

Lake Street Capital’s price target of $24.00 would indicate a potential upside of 35.52% from the company's current price. This is a significant increase from the average one-year price target of $18.87/share, representing a 2.83% increase from its latest closing price. Projected annual revenue is 3MM, up 869.58%, and non-GAAP EPS is -0.51 Lake Street Capital Initiates Coverage on Quantum Computing (NASDAQ:QUBT)^[2].

The stock has seen increased institutional interest, with 307 funds or institutions reporting positions in QUBT, with an average portfolio weight of 0.09% Lake Street Capital Initiates Coverage on Quantum Computing (NASDAQ:QUBT)^[2].

Overall, Lake Street Capital’s buy recommendation on Quantum Computing Inc. reflects the company’s strong performance and potential for growth in the quantum computing sector.