Infleqtion Could Gain From Neutral Atom Quantum Demand, Partnerships, Wedbush Says

MT Newswires Live06-26 23:40

Infleqtion (INFQ) could benefit from wider use of neutral atom technology, greater recognition of its computing business, stronger investor interest, new partnerships and rising US government demand, Wedbush Securities said in a note Friday.

The stock appears undervalued because Infleqtion has one of the largest revenue bases among listed quantum companies and is the only publicly traded pure-play neutral-atom company selling computing, sensing and software products built on one shared technology platform, the investment firm said.

Wedbush said it expects the valuation gap to narrow as neutral atoms gain credibility against older quantum technologies, investors recognize Infleqtion as more than a sensing company, and analyst coverage and trading activity increase.

The investment firm said Infleqtion's work with Nvidia (NVDA), Safran, NASA, Voyager (VOYG) and DARPA supports its technology, while more major partnerships, proposed US funding and federal plans to deploy quantum sensors could strengthen future demand.

Wedbush Securities started coverage of the stock with an outperform rating and a $20 price target.

Infleqtion shares were up 8.6% in Friday trading.

Price: 13.89, Change: +1.10, Percent Change: +8.56

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