Horizon Quantum Holdings Ltd. (NASDAQ:HQ) is one of the
8 Best Quantum Computing Stocks to Invest In According to Hedge Funds.
On June 3, 2026, Needham started coverage of Horizon Quantum Holdings Ltd. (NASDAQ:HQ). The firm had a “Buy” rating on the shares with a $20 price target. The firm noted that the focus is on making quantum programming as intuitive as classical systems. The analyst said the firm sees a coming “platform layer” as the industry approaches commercial advantage. It also added that Horizon holds a first-mover edge in quantum software infrastructure.
Earlier, on May 5, 2026, the corporation reported first-quarter results with a $6.5 million operating loss as compared to $4.7 million a year ago, while narrowing net loss to $3.6 million from $4.8 million, the company said. Adjusted EBITDA loss was $4.1 million from $1.8 million, with cash at $96.6 million.
Horizon Quantum Holdings Ltd. (NASDAQ:HQ)’s CEO, Dr. Joe Fitzsimons, said the business combination “provides financial runway” to accelerate R&D and expand its hardware testbed. He also pointed out that progress across partnerships and systems positions the company “towards quantum advantage.”
Horizon Quantum Holdings Ltd. (NASDAQ:HQ) is a firm that develops software tools. The company is based in Singapore.
While we acknowledge the potential of HQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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