Morgan Stanley upgrades Quantinuum, names it top quantum computing pick
The bank raised its rating on the company to overweight, with a $62 price target. It also projects the quantum computing market could exceed $100 billion per year by 2040.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Morgan Stanley upgraded Quantinuum from equal-weight to overweight and named it its top pick in quantum computing. The bank set a $62 price target, implying roughly 88% upside from Wednesday's close. The firm said the quantum computing market could grow to more than $100 billion per year by 2040, though commercial adoption remains uncertain.
Why it matters
The bank says the sector hinges on fault-tolerant machines and calls 2027 the proof year for key milestones. Its valuation view compares Quantinuum favorably against other quantum computing stocks.
Timeline
- Oct 15, 9:25 AM ET: Morgan Stanley upgraded Quantinuum to buy on valuation versus other quantum computing stocks and its technology roadmap.
- Oct 15, 1:09 PM ET: The upgrade to overweight came with a $62 price target, implying roughly 88% upside from Wednesday's close.
- Oct 15, 1:28 PM ET: Morgan Stanley said the quantum computing market could grow to more than $100 billion per year by 2040, with uncertainty around commercial adoption.
- Oct 16, 2:00 PM ET: Morgan Stanley named Quantinuum its top quantum stock, upgrading it to Overweight.
Coverage
- Morgan Stanley Picks Quantinuum As Its Top Quantum Stock (Dr. Donovan)
- Morgan Stanley Names New Top Quantum Computing Stock (Yahoo News)
- Morgan Stanley Sees Quantum Computing A $100B Market, And It's Betting On This Stock (stocktwits.com)
- Morgan Stanley Sees Quantum Computing As A $100 Billion Market (finimize.com)
- Quantum Computing Market Could Grow to $100 Billion-Plus Per Year by 2040, Morgan Stanley Says (MT Newswires)
- Morgan Stanley says quantum computing could be a $100 billion market one day. Here’s its top stock to play the trend (CNBC)
- Morgan Stanley Names Quantinuum Top Pick in Quantum Computing, Upgrades to Overweight (BigGo Finance)
- Quantinuum Upgraded On Valuation Versus Quantum Computing Stocks, Tech Roadmap (Investor's Business Daily)
- Quantinuum in spotlight as Morgan Stanley upgrades, names top quantum play (TradingView)
- Morgan Stanley upgrades Quantinuum stock rating on quantum computing progress (Investing.com)
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