Reported 2 days ago
Quantum Computing (QUBT) shares surged 20% after an analyst from Ascendiant Capital maintained a 'Buy' rating and set a target price of $40, suggesting an 80% potential increase. Despite its significant growth, Wall Street cautions that the stock may be overvalued, with a lofty price-sales ratio and minimal revenue. Investors should scrutinize the company's execution potential as they navigate the rapidly evolving quantum computing market.
Source: YAHOO