Citigroup Initiates Coverage on Infleqtion (NYSE:INFQ)

Equities researchers at Citigroup began coverage on shares of Infleqtion (NYSE:INFQ) in a research report issued on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $20.00 price target on the quantum tech company’s stock. Citigroup’s price target suggests a potential upside of 34.42% from the stock’s current price.

Separately, BTIG Research began coverage on shares of Infleqtion in a report on Friday, April 10th. They issued a “buy” rating and a $22.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $21.00.

Infleqtion Price Performance

NYSE:INFQ opened at $14.88 on Tuesday. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50.

About Infleqtion

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.