Morgan Stanley Backs Quantinuum With $62 Target as Quantum Market Tops $100 Billion by 2040
Updated
Updated · CNBC · Oct 15
Morgan Stanley Backs Quantinuum With $62 Target as Quantum Market Tops $100 Billion by 2040
3 articles · Updated · CNBC · Oct 15
Summary
A $62 price target led Morgan Stanley to upgrade Quantinuum to overweight, implying about 88% upside from Wednesday's close and making it the bank's top quantum-computing stock pick.
Morgan Stanley said Quantinuum ranks highest on technology and execution in its framework, which weighs technical progress, execution, manufacturability and broader indicators, with the heaviest emphasis on demonstrated technology.
No company has yet built a fault-tolerant quantum machine, and Morgan Stanley said current revenue is still too small to clearly separate rivals with different hardware approaches.
Morgan Stanley projects the quantum-computing market could expand from about $10 billion in 2030 to more than $100 billion by 2040 if broad commercial adoption arrives, with 2027 a key industry test and Quantinuum's Sol system the next major milestone.