Infleqtion is generating revenue and scaling up its business, making it one of the hottest new quantum computing plays on the Street, according to a pair of recent analyst notes. On Monday, Citi assigned a buy rating to Infleqtion, putting a $20 price target on shares that suggests nearly 59% upside. The move follows BTIG initiating coverage last week of the stock with a buy rating and a $22 price target that implies shares could soar almost 75%. "The overlap between quantum sensing and quantum computing has allowed Infleqtion to generate revenue and evolve as a company, all the while advancing its technology, as the market for quantum computing develops and scales," Citi analyst Atif Malik said Monday in a note to clients. He added, "we believe the company's success stems from the application of the same neutral atom technology across its portfolio, a similar approach to Nvidia." Infleqtion, founded in 2007, builds quantum computers, precision sensors and software. These products serve a client base that includes governments, corporations and research institutions. The company is unique among its peers because it is "one of few public quantum compute companies generating revenue today," BTIG analyst Jesse Sobelson said in a Friday note to clients. The analyst noted that the company's neutral atom platform addresses both the $130 billion quantum computing and $30 billion quantum sensing industries. Infleqtion has also forged partnerships with artificial intelligence chip darling Nvidia . Under an partnership announced last year, Infleqtion aims to integrate its Sqale neutral atom quantum processors with Nvidia's graphics processing unit-accelerated supercomputers. "We view Infleqtion's ongoing partnership with Nvidia as a key validation of technology and suggests their software solutions are well positioned to address current AI use cases as well as future AI and quantum applications," Citi's Malik wrote. In addition, Infleqtion has also delivered two Sqale quantum computers: one to Japan's Institute for Molecular Science and another to the United Kingdom's National Quantum Computing Centre. Shares are down 15% in 2026 vastly underperforming the overall market. INFQ YTD mountain Infleqtion shares are down 14% in 2026.
