Quantum Computing (NASDAQ:QUBT) Trading Up 7.5% - Time to Buy?

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s share price rose 7.5% on Friday . The company traded as high as $8.77 and last traded at $8.75. Approximately 3,836,250 shares changed hands during trading, a decline of 75% from the average session volume of 15,404,908 shares. The stock had previously closed at $8.14.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on QUBT shares. Lake Street Capital reissued a "buy" rating on shares of Quantum Computing in a research note on Monday, July 6th. Rosenblatt Securities reissued a "buy" rating and issued a $22.00 price target on shares of Quantum Computing in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Quantum Computing from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Quantum Computing in a research note on Wednesday, June 24th. Finally, Wedbush began coverage on shares of Quantum Computing in a research note on Monday, August 3rd. They set a "neutral" rating and a $12.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.33.