Ascendiant Lifts PT on Quantum Computing (QUBT) to $40 on Strong Revenue Growth Expectation, $750M Private Placement

Core Insights - Quantum Computing Inc. (NASDAQ:QUBT) is identified as a stock with significant upside potential, with a price target raised to $40 from $22 by Ascendiant analyst Edward Woo, maintaining a Buy rating on the shares [1][2]. Revenue Growth Expectations - The firm anticipates strong revenue growth for Quantum Computing in 2025 and 2026, which is expected to positively impact the stock [2]. - Investors are encouraged to focus on the company's newly launched products, as their successful commercialization is projected to drive substantial revenue growth in the current and following year [2]. Private Placement Announcement - On October 5, Quantum Computing announced an oversubscribed private placement of common stock, involving the purchase and sale of 37,183,937 shares, expected to generate gross proceeds of $750 million before offering expenses [3].