Honeywell's quantum-computing business could be worth $20 billion
Portfolio Pulse from
Honeywell's quantum-computing business, Quantinuum, is projected to be worth $20 billion. Wolfe Research analyst suggests it could experience a similar stock price boost as IonQ, which has risen 225% this year.
December 17, 2024 | 6:45 pm
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NEUTRAL IMPACT
IonQ has seen a 225% increase in its stock price this year, serving as a benchmark for potential gains in Honeywell's Quantinuum unit.
IonQ's stock performance is used as a benchmark for Quantinuum's potential, but the news does not directly impact IonQ's stock price. The relevance is moderate as it serves as a comparison point.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Honeywell's quantum-computing unit, Quantinuum, is valued at $20 billion by Wolfe Research, with potential for significant stock price appreciation similar to IonQ's 225% rise.
The analyst's valuation of Quantinuum at $20 billion and comparison to IonQ's significant stock price increase suggests a positive outlook for Honeywell's stock. This could attract investor interest and drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90