Infleqtion Stock Rises as Canaccord Sees 70% Upside

Infleqtion, Inc. (NYSE: INFQ ) shares traded higher on Thursday as investors responded to fresh bullish analyst coverage, even as the broader technology sector weakened. Canaccord Genuity analyst Kingsley Crane initiated coverage on Infleqtion with a Buy rating and a $22 price forecast, implying about 70% upside. Last week, Wedbush Securities also initiated coverage with an Outperform rating and a $20 price forecast, calling the stock "meaningfully mispriced" and pointing to significant upside from recent trading levels. What Is Driving Upside in Infleqtion’s Stock? Wedbush said Infleqtion’s valuation gap reflects limited analyst coverage since the stock began trading in February and continued skepticism around neutral-atom quantum technology. The firm also cited policy support for quantum technologies as a potential tailwind following President Donald Trump ‘s June 22 exe...