Wall Street Eyes Quantum Computing (QUBT) for Potential 100% Rebound Despite Valuation Concerns
Quantum Computing Inc. (QUBT) has seen its shares plummet over 50% in the past month amid growing valuation skepticism. Yet, Wall Street analysts remain bullish, with Lake Street's Max Michaelis reiterating a Buy rating and a $24 price target—implying a 100% upside from current levels. The quantum computing sector, still in its infancy, presents long-term growth opportunities, and QUBT is positioned to capitalize on this emerging market.
Third-quarter earnings could serve as a catalyst. Analysts project an improved EPS of -$0.06, up from -$0.26 last quarter, with revenue expected to nearly double to $117K. Despite a staggering price-to-sales ratio of 4,981.63, the company’s improving gross margin (43% in Q2) suggests operational progress. The upcoming report will test whether Optimism outweighs fundamental concerns.
