Infleqtion (NYSE:INFQ) Upgraded by Wedbush to Strong-Buy Rating

Infleqtion (NYSE:INFQ) was upgraded by research analysts at Wedbush to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other analysts also recently commented on INFQ. BTIG Research started coverage on Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 price objective for the company. UBS Group initiated coverage on Infleqtion in a research note on Wednesday, April 29th. They set a “buy” rating for the company. Weiss Ratings assumed coverage on Infleqtion in a report on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Citigroup initiated coverage on Infleqtion in a report on Tuesday, April 14th. They set a “buy” rating and a $20.00 target price for the company. Finally, Wall Street Zen raised shares of Infleqtion from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.67.

Infleqtion Stock Performance

Shares of INFQ stock opened at $13.68 on Friday. The business’s 50-day moving average is $14.25. Infleqtion has a 1-year low of $8.52 and a 1-year high of $27.50. The stock has a market cap of $2.98 billion and a price-to-earnings ratio of -151.96.

Infleqtion (NYSE:INFQ) last released its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share (EPS) for the quarter.

Insider Activity

In other news, CTO Pranav Gokhale sold 120,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $17.73, for a total transaction of $2,127,600.00. Following the completion of the transaction, the chief technology officer directly owned 2,218,980 shares in the company, valued at approximately $39,342,515.40. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kristina M. Johnson sold 30,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $16.45, for a total transaction of $493,500.00. Following the transaction, the director owned 30,000 shares in the company, valued at $493,500. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,161,988 shares of company stock worth $443,111,218 over the last quarter.

More Infleqtion News

Here are the key news stories impacting Infleqtion this week:

• Positive Sentiment: Wedbush initiated coverage of Infleqtion with an Outperform rating, calling the company a “hidden quantum gem” and suggesting significant upside from current levels. ‘A Hidden Quantum Gem’: Why Wedbush Thinks Infleqtion Stock Is Undervalued
• Positive Sentiment: Analysts said Infleqtion’s neutral-atom quantum approach could benefit from stronger government interest in quantum technology, especially after Trump’s recent quantum push. Infleqtion’s neutral atom quantum approach prompts Outperform initiation from Wedbush
• Positive Sentiment: Coverage highlights from multiple outlets point to the stock being “meaningfully mispriced,” with one report citing roughly 25% upside and another pointing to 56% upside potential. Top Wall Street Analyst Says This Quantum Computing Stock Is ‘Meaningfully Mispriced’— Sees 25% Upside As Trump’s Quantum Push Gathers Steam
• Neutral Sentiment: Recent comparison pieces on Infleqtion and its peers add background but do not appear to be a major stock-moving catalyst. Contrasting Infleqtion (INFQ) and Its Peers
• Negative Sentiment: Short interest climbed sharply in June, which could signal increased bearish betting against the stock even as the shares rally.

About Infleqtion

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.