Honeywell International Inc. (HON) has been positioned as a leading Quantum Computing stock, drawing significant interest from various wealth management and holdings firms. Prominent purchases have been made by ProShare Advisors LLC, Quadcap Wealth Management LLC, and Pathstone Holdings LLC, among others. Television personality Jim Cramer has labeled the company as 'dramatically undervalued'. Analysts remain optimistic about the stock's future; JP Morgan has raised its price target for Honeywell to $217, highlighting Honeywell's Q1 2025 earnings as indicative of sustained strong performance. Honeywell's stock surged due to Q1 beat and hiked earnings prediction. The company has seen an increase in investment from various firms, including Quantinno Capital Management LP and NorthRock Partners LLC, which have recently expanded their stake in the company. A noteworthy increase in Honeywell’s share price to $250 was projected by Mizuho. Honeywell's stock saw a surge of 8.9% which could hint at additional potential growth. Other important actions involve boosts to Quantum Computing initiatives with a new Qatari partner, increased earnings guidance, completed share buybacks, and heightened efforts to advance Quantum-Safe Networks. Despite some sale of shares, a strong market presence persists, with increased leadership initiatives and technological advancements.
Honeywell International HON News Analytics from Mon, 03 Feb 2025 08:00:00 GMT to Sat, 17 May 2025 18:02:26 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 2
