Summary
- Quantum Computing Inc. (QUBT, Financial) engages in a collaborative project with NASA, enhancing its technological reach.
- The stock is projected to have a significant upside of 74.78% according to analysts' predictions.
- QUBT maintains an "Outperform" rating, reflecting positive sentiment among brokerage firms.
Quantum Computing Inc. (QUBT) has been awarded a $406,478 subcontract to support NASA's Langley Research Center. This venture involves refining the analysis of space LIDAR data, utilizing QCi's state-of-the-art Dirac-3 quantum computer. The technology aims to effectively reduce sunlight noise, offering the potential to lower operational costs and improve the efficiency of daytime data collection.
Wall Street Analysts Forecast
According to analysts' one-year price forecasts for Quantum Computing Inc (QUBT, Financial), the consensus suggests an average target price of $14.00. This estimate aligns with the high and low projections, both set at $14.00, indicating a cohesive forecast landscape. The current price of $8.01 presents a possible 74.78% upside, making QUBT a potentially lucrative investment. For more detailed insights, visit the Quantum Computing Inc (QUBT) Forecast page.
The consensus recommendation derived from one brokerage firm classifies Quantum Computing Inc (QUBT, Financial) with an average recommendation of 2.0, categorizing it under "Outperform." This scale runs from 1 to 5, where 1 represents a Strong Buy and 5 denotes a Sell, indicating a favorable outlook for the company's future performance.
