TD Cowen Reduces PT on Honeywell International (HON) Stock

Honeywell International Inc. (NASDAQ:HON) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 10, TD Cowen reduced the price target on the company’s stock to $240 from $250 while keeping a “Buy” rating, as reported by The Fly. The firm updated its model after the Q3 2025 results. In Q3 2025, Honeywell International Inc. (NASDAQ:HON)’s net sales came in at $10.4 billion as compared to $9.7 billion during the same period of the previous year.

The net sales increased because of higher pricing and price adjustments to offset inflation, elevated sales volumes, and the favorable impact of foreign currency translation. Honeywell International Inc. (NASDAQ:HON)’s EPS came in at $2.86 in Q3 2025 compared to $2.16 in Q3 2024. The increase was because of the gain recognized on the Resideo termination agreement and lower impairment charges on assets held for sale. However, the impact was partially offset by increased divestiture-related costs and adjustment to estimated future environmental liabilities.

Honeywell International Inc. (NASDAQ:HON)’s new record backlog came in at $39.1 billion, reflecting a rise of 11% excluding the impact of acquisitions. Increased orders throughout its business segments fueled its total backlog to another record high, reinforcing the benefit of the new, innovative solutions. Honeywell International Inc. (NASDAQ:HON) announced that Quantinuum raised more than $600 million at $10 billion pre-money valuation. This fundraising was to advance quantum computing at scale.

While we acknowledge the potential of HON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.