While Elon Musk’s other trillion-dollar company drew the bulk of attention, SpaceX (NASDAQ: SPCX) was not the only exciting technology stock to hit the public markets in June 2026.
Specifically, the quantum computing company Quantinuum (NASDAQ: QNT) launched on June 4 with an initial public offering (IPO) price of $60 per share, which turned into $68 already at the morning bell but then dipped to $60.38 by the evening.
At press time in the July 10 pre-market, however, QNT equity is worth substantially more: $74 following a 0.67% extended session rally from $73.51 at the latest close.
Under the circumstances, $1,000 invested at either the IPO price or close to the June 4 closing bell would have turned into $1,233.30 for $233.30 in profits, simultaneously making it a superior investment to SpaceX stock.
Still, despite offering a strong performance in its first month, given it is 30.66% above its day-one price, Quantinuum has been on a slow downtrend in recent weeks and is 14.74% under its all-time high (ATH) of $86.79.
Wall Street sets Quantinuum stock price target for the next 12 months
Elsewhere, QNT shares might simultaneously be the best quantum computing stock to buy in 2026. Along with impressive initial performance indicating the equity was somewhat undervalued from the get-go, Wall Street experts see substantial room for growth in the coming 12 months.
Indeed, Quantinuum is overall regarded as a ‘Strong Buy,’ with a singular ‘Hold’ recommendation – issued by Morgan Stanley’s (NYSE: MS) Joseph Moore with a $78 price forecast on June 29 – and no ‘Sell’ ratings.
Furthermore, the quantum computing stock is, on average, expected to climb 34.34% to $98.75 in the next 12 months.
Examining the specific stock price targets, Rosenblatt analyst John McPeake is responsible for the Street high estimate of $155 – a 110.86% predicted climb from the latest close and 109.50% from $74 at press time.
Are QNT shares the best quantum computing stock to buy in 2026?
Along with being a popular company operating in a now government-backed sector, Quantinuum made itself into a top 2026 quantum computing stock with recent scientific and engineering achievements.
Notably, the firm is responsible for Helios – a machine touted as the world’s most accurate commercial quantum computer.
Lastly, and despite the recent achievement and strong market performance since the IPO, quantum computing has, thus far, been akin to the phenomenon of quantum superposition in that it has been perpetually impressive in its achievements and underwhelming in outcomes while, despite the promise, so far evidently failing to produce world-changing breakthroughs upon scrutiny.
Quantinuum could change the reading, thus solidifying its position as the best quantum computing stock to buy in 2026, but investors should be aware that it could find itself stuck in a type of limbo for years to come.
Featured image via Shutterstock
