Technical traders flagged the quantum computing stock price breaking through key Fibonacci retracement levels, suggesting potential for accelerated upside if momentum holds across multiple trading sessions. Quantum computing is still an emerging sector, and the pure-play companies are operating at a loss. Even so, QCi's minuscule revenue is concerning. Because this company is such a high risk, it's best to be cautious about how much you invest in it. Quantum Computing Inc. (NASDAQ:QUBT) is one of the Best Quantum Computing Stocks to Buy and Hold for 5 Years. On September 18, Max Michaelis, an analyst from Lake Street, initiated a “Buy” rating on the company’s stock. The price target was $24. The analyst’s rating is backed by a combination of factors demonstrating Quantum Computing Inc. (NASDAQ:QUBT)’s potential in the burgeoning quantum computing market. As per the analyst, the company remains strategically placed with a first-mover advantage, mainly in the field of photonics and Thin Film Lithium Niobate (TFLN) technology, which is expected to become a key component in future semiconductor fabrication. Quantum computing stock price momentum continues with a 5-day SMA crossing above its 20-day SMA — a bullish technical signal often adopted by algorithmic trading models. Targets are being revised to push for a retest of the previous $48 resistance level.
