Quantum Computing Shares Rise After Lake Street Initiates Buy Coverage

Lead Quantum Computing Inc. (Nasdaq: QUBT) jumped 3.61% to $18.35 on Friday after Lake Street Capital initiated coverage with a Buy rating and set a $24.00 price target, citing accelerating commercial traction and technological milestones.

Nut Graf Lake Street’s decision underscores growing confidence in QCi’s photonic and quantum optics platforms as the company secures high-profile commercial orders and expands institutional interest. The new coverage follows recent product deployments and index inclusions that bolster QUBT’s market visibility.

Market Reaction and Analyst Call

• Shares climbed from $17.71 at Thursday’s close to $18.35 Friday morning, trading volume surged above 42 million.
• Lake Street projects a 35.52% upside from current levels, raising its one-year target to $24.00 amid an average analyst consensus of $20.33.
• The firm highlighted QCi’s second-quarter commercial sale of its EmuCore reservoir computing device to a major automaker and its first U.S. quantum cybersecurity order from a top-five bank.

Index Inclusion and Institutional Interest

• QUBT’s inclusion in the Russell 3000® and Russell 2000® indexes at the end of June has attracted 307 institutional positions, with an average portfolio weight of 0.09%.
• Ongoing engagements with NASA and leading research institutions amplify QCi’s profile in both government and academic markets.

Outlook and Upcoming Catalysts

• Investors will watch QCi’s launch of quantum photonic chip foundry capacity in Arizona and pending revenue recognition from recent bank and automotive contracts.
• Further analyst revisions and quarterly financial results are expected to provide additional directional clarity.