From Yahoo Finance: 2025-06-12 18:33:00

Quantum Computing Inc. (QUBT) saw a 5.51% increase in share prices to $15.13 per share on Tuesday, following optimistic outlook from an investment firm. Ascendiant Capital Markets maintained a “buy” recommendation on QUBT, leading to a third consecutive day of stock rally. The new target price of $22 represents a 45% upside.

In Q1, QUBT swung to a net income of $16.98 million from a $6.4 million loss, driven by a non-cash gain of $23.6 million from a merger with QPhoton. Revenues rose 44% to $39,000. QUBT ranks 10th on the list of top-performing companies. Consider other AI stocks for higher returns and limited downside risk.

For more AI stock options, check out the 20 Best AI Stocks To Buy Now and the 30 Best Stocks to Buy Now According to Billionaires. This article originally appeared on Insider Monkey.

Read more: Quantum Computing (QUBT) Earns “Buy” Reco, Gets Boost