Morgan Stanley says quantum computing could be a $100 billion market one day. Here’s its top stock to play the trend
The investment bank upgraded Quantinuum to overweight from equal-weight, with a $62 price target that implies roughly 88% upside from Wednesday's close.
TL;DR
- Morgan Stanley estimates the quantum computing market could reach over $100 billion annually by 2040.
- Quantinuum is named as the top stock pick, with an upgrade to 'overweight' and a price target implying ~88% upside.
- The bank's framework assesses companies on technical progress, execution, manufacturability, and broader indicators.
- Quantinuum is highlighted for its leading technology and strong execution among pure-play quantum computing companies.
- The market's potential growth is contingent on 'fault toleration machines' achieving broad commercial adoption.
- Company roadmaps suggest early fault-tolerant systems by 2029-2030, with Quantinuum's Sol system identified as a key upcoming milestone in 2027.