1. QUBT's RSI indicates it may be an overbought stock. 2. Ascendiant Capital raised QUBT's price target from $22 to $40. 3. QUBT shares surged 23.2%, closing at $24.62 last Friday. 4. QUBT has a strong momentum score of 99.89. 5. The stock has gained around 63% in the past month.
The price target increase indicates positive market sentiment, similar to prior upward revisions for tech stocks that later experienced price increases post-earnings.
The increased target and strong price movement imply a potential buying opportunity, which could attract investor interest.
The recent momentum and RSI suggest potential for price adjustments in the near term, usually reflected within weeks.