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On September 18, 2025, Lake Street initiated coverage of Quantum Computing (NasdaqCM:QUBT) with a Buy recommendation. The average one-year price target for the company is set at $18.87/share, suggesting a potential upside of 2.83% from its last closing price of $18.35/share.
Projected annual revenue for Quantum Computing is $3 million, an increase of 869.58%, with a projected annual non-GAAP EPS of -0.51. Institutional ownership has increased significantly, with 307 funds reporting positions, a 54.27% increase over the last quarter. Total shares owned by institutions rose by 161.00% to 61,838K shares during the same period.
Key shareholders include Jane Street Group with 4,978K shares (3.11% ownership), Anson Funds Management with 4,678K shares (2.93% ownership), and VTSMX with 3,858K shares (2.41% ownership), all showing significant increases in their holdings over the last quarter.
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