RBC Capital initiates coverage of Xanadu Quantum with Outperform rating, $16 price target

RBC Capital initiated coverage on Xanadu Quantum's stock with a rating of Outperform and a price target of $16.00.The price target implies an upside of 235.4% from the Sep 28 close of $4.77.Key takeaways from the analyst noteCompelling Long-Term Growth Potential: Xanadu Quantum Technologies is posi…