Quantum performance leader, Initiate at Buy, $100 PO

研报英文原文证据摘录

Quantum performance leader, Initiate at Buy, $100 PO

Accessible version

Quantinuum

Quantum performance leader, Initiate at

Buy, $100 PO

Initiating Coverage: BUY | PO: 100.00 USD | Price: 75.57 USD

Flagship Helios computing platform is a quantum leap 29 June 2026

We initiate coverage of Quantinuum (QNT) with a Buy rating and $100 PO. QNT builds Equity

and sells quantum computers and provides the tools and access clients need to use

them. Its newest platform, Helios, delivers industry-leading commercial performance and VivekResearchAryaAnalyst

has already won over customers including Amgen and BMW who use it in the cloud and BofAS

+1 646 855 1755

on premises. Our PO is based on ~10x 2030E EV/S, at the upper end of peers at ~8-10x, vivek.arya@bofa.com

which we think is justified by better technology – particularly in error-corrected Duksan Jang

computing – high fidelity and efficiency, and 10 strong customer engagements. Research Analyst

BofAS

duksan.jang@bofa.com

Quantum still nascent, but fault-tolerant inflection nearing Michael Mani

We see the broader quantum technology TAM surging from ~$1.1bn in 2025 to ~$80bn Research Analyst

by 2035, with quantum compute representing the largest long-term opportunity. We michael.mani@bofa.com

expect quantum to be a complement to classical compute rather than a replacement, Liam Pharr

with quantum processors, or QPUs, working alongside CPUs/GPUs to accelerate specific Research Analyst

workloads and enable new capabilities that are difficult or impossible to perform with liam.pharr@bofa.com

classical systems. Initial uses focus on molecular simulation, materials discovery,

optimization, cryptography and select AI/HPC workflows and are set to expand over time.

Leading the competition in logical qubits with 48 Stock Data