Quantum ETF Performance: While many quantum ETFs are struggling, the Defiance Quantum ETF (QTUM) remains resilient, crossing $3 billion in assets under management, while Rigetti Computing Inc (RGTI) and D-Wave Quantum Inc (QBTS) face significant stock declines.
Market Reaction to Speculation: RGTI's stock fell sharply after a speculative report about U.S. government investment in quantum firms was denied, highlighting the volatility and uncertainty in the quantum sector.
Tactical Opportunities in Downturn: The Defiance Daily Target 2X Short RGTI ETF (RGTZ) surged over 23% as traders use it as a hedge against the downturn in quantum stocks, indicating a shift in investor strategy.
Evolving Investor Sentiment: The contrasting performances of QTUM and RGTZ reflect a shift from blind optimism to a more cautious and strategic approach to quantum investments, emphasizing the need for tangible results over mere promises.
Wall Street analysts forecast QTUM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QTUM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast QTUM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QTUM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 119.350
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Current: 119.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
