Quantum Computing (NASDAQ:QUBT) Shares Gap Up - Here's What Happened

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $9.08, but opened at $9.67. Quantum Computing shares last traded at $9.35, with a volume of 5,613,890 shares changing hands.

Get Quantum Computing alerts:

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Lake Street Capital reaffirmed a "buy" rating on shares of Quantum Computing in a research note on Monday, July 6th. Wedbush assumed coverage on shares of Quantum Computing in a research note on Monday, August 3rd. They issued a "neutral" rating and a $12.00 price objective on the stock. Rosenblatt Securities restated a "buy" rating and issued a $22.00 price objective on shares of Quantum Computing in a report on Monday, June 29th. Ascendiant Capital Markets raised their target price on Quantum Computing from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, August 26th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $10.00 target price on shares of Quantum Computing in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.67.