We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks.
Honeywell International Inc. (NASDAQ:HON) is one of the stocks discussed by Jim Cramer
Honeywell International Inc. (NASDAQ:HON) is another one of Jim Cramer’s top quantum computing stocks. Its shares are up by 6.8% over the past year and by 16.4% year-to-date. Jefferies discussed the firm on April 26th as it reduced the share price target to $240 from $245 and kept a Hold rating on the stock as it discussed the impact of the conflict in the Middle East on the firm.
A couple of days earlier, on the 24th, Barclays had reduced Honeywell International Inc. (NASDAQ:HON)’s share price target to $243 from $255 and kept an Overweight rating and remarked that the firm had to win over the investment community when it came to its aerospace business. In this appearance, Cramer discussed the Trump administration’s decision to take equity stakes in quantum computing companies and dismissed most firms apart from Honeywell and IBM: “I happen to think that these are, some degree other than IBM, science projects. . . And don’t forget Honeywell, which is up a dollar seventy. . .Honeywell has a stake in the business, Quantinuum. . .” In a tweet, Cramer provided additional context: “CNBC Investing Club name Honeywell getting boost because its Quantinuum soon to be spinoff gets stake by federal government.