12 Best Quantum Computing Stocks to Invest in Now

4. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

Honeywell International Inc. (NASDAQ:HON) is a multinational conglomerate known for its innovations in aerospace, automation, and advanced technologies. Honeywell has taken major strides in quantum computing through its dedicated subsidiary, Quantinuum, which was created by merging Honeywell Quantum Solutions with Cambridge Quantum Computing in 2021. This strategic move positioned Honeywell as a leader in the quantum technology space. The company has achieved notable breakthroughs in quantum volume, demonstrating improvements in computational performance. In cybersecurity, Honeywell has integrated quantum-hardened encryption keys into smart utility meters, enhancing data protection against emerging threats. Collaborations with partners like Microsoft have also advanced quantum error correction, a vital component for scalable quantum systems. These initiatives reflect Honeywell’s commitment to transforming industries such as cybersecurity, materials science, and artificial intelligence through practical and secure quantum computing applications.

Bank of America (BofA) has upgraded Honeywell (NASDAQ:HON) to Buy from Neutral and increased its price target to $250 from $210, citing a return to stable or positive earnings revisions after a strong Q1 performance. Shares rose over 2% in premarket trading. Honeywell had underperformed industrial peers due to negative revisions and missed expectations, but BofA now sees improved earnings visibility. “Honeywell is one of the most discounted names in our coverage on a terminal growth basis,” analysts said, adding, “we believe the company can start to close some of the valuation gap vs. peers.” The firm raised its 2025 EPS estimate to $10.44, slightly above consensus, and expects $11.54 for 2026. BofA also cited stronger internal forecasting and guidance, following meetings with Honeywell’s CEO and CFO, as key factors boosting investor confidence.