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Investing.com - Cantor Fitzgerald has reiterated its Neutral rating and $15.00 price target on Quantum Computing, Inc. (NASDAQ:QUBT) following the company’s removal of "Interim" from Dr. Huang’s title. The stock currently trades at $10.22, having taken a significant hit of over 20% in the past week, according to InvestingPro data.
The research firm views this leadership clarification as removing uncertainty and confirming the company’s roadmap to commercializing its quantum technology. Quantum Computing currently holds over $1.5 billion in net cash and cash equivalents to fund its long-term growth strategy, with InvestingPro data showing an impressive current ratio of 154.87, confirming the company’s strong liquidity position.
Cantor Fitzgerald expects the company will continue investing in both organic and inorganic growth opportunities given its substantial liquidity position. The firm projects Quantum Computing can capture 5% of the quantum hardware, software and services market by 2035, potentially generating $375 million in sales in 10 years. This aligns with the company’s current growth trajectory, as revenue increased by 41.45% over the last twelve months, with forecasts suggesting 108% growth for fiscal year 2025.
When discounting the forecasted 2035 sales at a 10% rate, Cantor calculates the present value of those sales at $159 million. With an estimated 224 million shares outstanding, the $15.00 price target equates to a market cap of approximately $3.4 billion. The current market cap stands at $2.29 billion, with analyst price targets ranging from $12 to $40, indicating significant divergence in valuation opinions. InvestingPro’s Fair Value assessment suggests the stock is currently overvalued.
The research firm notes that considering the company’s approximately $1.6 billion cash position, this valuation represents an enterprise value-to-sales ratio of 11.3x based on the present value of estimated 2035 revenue. Despite its strong cash position, QUBT remains unprofitable with a negative EBITDA of $33.48 million. Discover more comprehensive insights in the Pro Research Report available for this stock, one of 1,400+ US equities covered in-depth on InvestingPro.
In other recent news, Quantum Computing Inc. reported its Q3 2025 earnings, surpassing revenue expectations with a total of $384,000, while earnings per share reached $0.01, outperforming the anticipated -$0.06. The company also announced the appointment of Dr. Yuping Huang as Chief Executive Officer, effective December 12, with an amended employment agreement starting January 1, 2026. Dr. Huang will receive an annual base salary of $425,000, alongside potential bonuses and long-term incentive awards based on performance. Additionally, Quantum Computing Inc. is set to unveil its new photonics-based reservoir computing system, Neurawave, at the SuperCompute25 conference in November 2025. Neurawave is designed to integrate with existing computing infrastructure through a standard PCIe interface and operates at room temperature. This development marks a significant step in the company’s photonic quantum roadmap. The leadership transition and product innovation align with Quantum Computing Inc.’s strategy to advance its quantum photonics systems for industrial applications.
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