Wall Street Analysts Predict a 40.38% Upside in Quantum Computing Inc. (QUBT): Here's What You Should Know

Core Viewpoint - Quantum Computing Inc. (QUBT) shows potential for significant upside, with a mean price target of $17 indicating a 40.4% increase from its current price of $12.11, following an 11% gain over the past four weeks [1]. Price Targets and Analyst Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $5.6, indicating variability among analysts; the lowest estimate is $12.00 (0.9% decline), while the highest is $25.00 (106.4% increase) [2]. - A low standard deviation suggests strong agreement among analysts regarding the stock's price direction, which can serve as a starting point for further research [9]. Earnings Estimates and Analyst Sentiment - Analysts have shown growing optimism about QUBT's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which correlates with near-term stock price movements [11]. - Over the past 30 days, one earnings estimate has increased, leading to a 5.3% rise in the Zacks Consensus Estimate for the current year [12]. Zacks Rank and Investment Potential - QUBT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, suggesting a strong potential for upside in the near term [13].