SEALSQ Corp (NASDAQ:LAES) is one of the 10 Best New Penny Stocks to Invest In. On December 18, Cantor Fitzgerald initiated coverage on SEALSQ Corp (NASDAQ:LAES), giving the stock an Overweight rating and setting the price target at $7.
Cantor Fitzgerald pointed out that quantum computing security risks are a major factor supporting the company’s future prospects. The firm noted that SEALSQ Corp (NASDAQ:LAES) is working on post-quantum technology solutions in both hardware and software that can help address these threats.
The research firm’s price target of $7 is based on an enterprise value-to-sales multiple of 17x for the estimated 2027 sales. This suggests that Cantor Fitzgerald is confident in the company’s long-term growth. The firm also noted that while quantum computing is still in an early stage of development, it has already gained strong investor attention and increased awareness among corporations, governments, and policymakers.
In other news, on December 19, SEALSQ Corp (NASDAQ:LAES) shared its strategic plan for 2026-2030. The company will be focusing on advancing quantum computing that is emerging from within the semiconductor industry by using silicon and CMOS-compatible manufacturing processes. This approach will help create quantum systems that are scalable, secure, and suitable for industrial use.
According to the report, SEALSQ Corp (NASDAQ:LAES) is actively pursuing this quantum computing approach, where qubits are designed using silicon and CMOS-compatible processes to be compatible with current semiconductor design tools, fabrication plants, testing methods, and global supply chains.
SEALSQ Corp (NASDAQ:LAES) is a semiconductor company and a leading innovator in Post-Quantum Technology hardware and software solutions.
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Disclosure: None. This article is originally published at Insider Monkey.