🟢 Xanadu Quantum Technologies is trading 5.5% up today after RBC initiates Outperform coverage with $16 target

Xanadu Quantum Technologies is trading 5.45% up at $5.03 on September 29 after RBC initiated coverage with an Outperform rating and a $16 price target.

• The company announced a multi-million-dollar partnership with Bluefors to develop cryogenic infrastructure for utility-scale quantum computing.
• RBC cited the company’s quantum-computing exposure and potential path toward a fault-tolerant quantum data center.