Citigroup analyst Atif Malik raised the price target for Infleqtion, Inc. to $22.00 from $20.00. Malik reiterated a Buy rating on the quantum technology firm.
The update follows record second-quarter revenue and an increased full-year outlook. Infleqtion reported expanding demand across both government and commercial sectors.
The company is currently advancing its neutral-atom quantum technology. It maintains a technical roadmap to achieve 30 logical qubits by 2026.