Cantor Fitzgerald analyst Yi Fu Lee initiated coverage of Zapata AI with an Overweight rating and $1.75 price target. The enterprise software company is leveraging cutting edge mathematical concepts from the field of quantum physics to drive growth momentum “via significant advantages over traditional computing techniques,” the analyst tells investors in a research note. The firm recommends investors begin to establish exposure to quantum computing via Zapata AI, saying it believes real commercial use cases will translate into “hyper” revenue growth beginning next year. Cantor believes the volatile the first half of 2024 in the general technology software sector is presenting an attractive entry point into the shares.
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