Why Quantum Computing Stock Is Skyrocketing Today
Shares of Quantum Computing (NASDAQ: QUBT) are soaring on Friday. The company's stock has jumped 13.9% as of 12:59 ET. The rise comes as the S 500 gained 0.9% and the Nasdaq Composite gained 1.1%.
The quantum computing company's stock received a price target upgrade a few weeks after a mostly positive earnings report.
Analysts at Ascendiant Capital Markets raised their price target on Quantum Computing's stock from $14.00 to $22.00 and maintained their buy rating. The stock is currently trading just above $13, so the new price target represents a significant upside.
Source Fool.com
