Quantum Computing (NASDAQ: QUBT) stock is surging Friday and leading a pack of industry gainers in the day’s trading. The tech specialist’s share price is up 25.4% as of 1:15 p.m. ET.<\/p>\n
Quantum Computing is soaring today in response to news that the U.S. Air Force is aiming to increase research in the quantum computing<\/a> space and a report suggesting that the Trump administration could soon issue an executive order to accelerate the development of quantum technologies.<\/p>\n Quantum Computing stock may also be getting a sustained boost from bullish analyst coverage published yesterday. In its recently published note, Lake Street initiated coverage on the stock with a buy rating and a one-year price target of $24 per share. As of this writing, Lake Street’s valuation target implies additional upside of roughly 4%.<\/p>\n With today’s gains, Quantum Computing stock is now up approximately 41% across this year’s trading and 168% over the last six months.But there’s still an incredibly high degree of speculation involved in charting the performance outlooks for Quantum Computing and other players in the space.<\/p>\n Quantum Computing is currently valued at more than 8,960 times this year’s expected sales. The company could eventually see explosive sales growth and tap into demand for quantum technologies<\/a> connected to artificial intelligence (AI) and cryptography, but there’s inherently a lot of risk in its current valuation profile. Investors with high risk tolerance may find it worth adding Quantum Computing stock to gain exposure to long-term quantum trends, but others may wish to remain on the sidelines.<\/p>\n Before you buy stock in Quantum Computing, consider this:<\/p>\n Image source: Getty Images. <\/p>\n