From Yahoo Finance: 2025-06-07 14:38:00

Quantum Computing Inc. (QUBT) saw a 15.81% surge on Friday, closing at $13.70 per share following an upgraded rating from Ascendiant Capital Markets. The firm raised QUBT’s price target to $22, representing a 60.6% upside. QUBT reported a swing to net income of $16.98 million in Q1 2022, up from a $6.4 million loss last year, driven by a non-cash gain of $23.6 million. Revenues also rose by 44% to $39,000. While QUBT ranks 3rd in Friday’s best-performing stocks, some AI stocks may offer higher returns with limited risk. For more AI stock recommendations, check out Insider Monkey’s articles.



Read more at Yahoo Finance: Why Quantum Computing Inc. (QUBT) Soared On Friday