1229 ET - Quantinuum is well-positioned to capture the long-term opportunities of quantum computing, but risks and uncertainties remain around the technology, Morgan Stanley analysts write in a note, initiating coverage with an equal-weight rating and a $78 price target. "While we see substantial long-term optionality if quantum computing reaches broad commercial adoption, we believe the current valuation appropriately reflects both the opportunity and the considerable risks that remain," they write. The company's trapped-ion architecture and technical execution has been validated by third parties and suggests a "credible path to fault tolerance," they write, referring to the ability of quantum computers to avoid or correct for errors that emerge through the computing process. Quantinuum shares fall 2.6%. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

June 29, 2026 12:29 ET (16:29 GMT)

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