Morgan Stanley Upgrades Quantinuum to Overweight With $62 Target

what happened

Morgan Stanley has named Quantinuum Inc. (QNT) its leading stock pick for investors seeking exposure to quantum computing, according to a report carried by Stocktwits. Analyst Joseph Moore raised the rating from equal-weight to overweight and set a $62 price target, which implies roughly 88% upside from Wednesday's close.

The bank says the sector could eventually produce more than $100 billion in yearly revenue. Its in-house framework scores companies on four criteria: technical progress, execution record, manufacturing scalability and operational development. Technological capability carries the largest weight, and Moore sees Quantinuum holding the clearest lead there and in execution.

Morgan Stanley expects the addressable market to grow from about $10 billion in 2030 to above $100 billion by 2040, and flags 2027 as a turning point for hardware, with Quantinuum's upcoming ‘Sol’ system as a key milestone. It forecasts revenue rising from roughly $270 million in 2028 to about $2 billion in 2030. The stock is down 40% year to date, and Stocktwits retail sentiment is bearish on low message volume.

why it matters

For markets, the valuation is the focus: the report notes Quantinuum trades at the lowest 2030 price-to-earnings multiple in its peer group, while the 40% year-to-date decline sets a weak starting point. Investors will watch whether the Sol launch in 2027 supports the revenue ramp the bank projects.

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