Quantum Computing Jumps 6.2% as Analysts Back Photonic Platform and 2 Acquisitions
Updated
Updated · Simply Wall St · Jun 17
Quantum Computing Jumps 6.2% as Analysts Back Photonic Platform and 2 Acquisitions
2 articles · Updated · Simply Wall St · Jun 17
Summary
QUBT shares rose 6.2% after analysts pointed to its room-temperature photonic platform, Luminar Semiconductor and NuCrypt deals, and stronger quarterly results as near-term catalysts.
Lake Street’s reaffirmed Buy rating centered on Fab 1 small-batch production in Tempe, framing the key test as whether Quantum Computing can move from demonstration systems to repeatable manufacturing.
US$4.3 million in current revenue remains the main constraint, with the company’s expanding thin-film lithium niobate capacity and acquisition spending risking underutilization if demand fails to broaden.
By 2028, the company’s narrative implies US$17.3 million in revenue and US$1.1 million in earnings, while more bullish views see about US$56.3 million by 2029—underscoring a wide gap between growth hopes and today’s early-stage sales.