Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence. This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth.
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To find such stocks, take a look at TipRanks’ Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators among others.
When selecting stocks to buy, it can be helpful to consider the technical indicators as they offer insight into potential stock movements and help traders make informed decisions. With this in mind, here are today’s top quantum computing stock picks, which are a Buy according to TipRanks’ Technical Analysis tool. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
Honeywell International (HON) – Honeywell’s System Model H1, a powerful quantum computer, reached a high quantum volume of 1024, making the company a strong contender in this field. The stock has earned an analyst consensus of Moderate Buy. Also, HON stock is a Strong Buy based on technical analysis.
D-Wave Quantum (QBTS) – QBTS is known for its Advantage quantum computer, which features over 5,000 qubits and 15-way qubit connectivity, enabling it to solve larger and more complex problems. Overall, the analyst consensus on the stock is Strong Buy. Moreover, QBTS stock has a Strong Buy signal based on technical indicators.
IonQ (IONQ) – IonQ has the potential to become a leader in quantum computing space due to its advanced trapped-ion technology, which helps solve complex problems more efficiently than classical computers. Interestingly, the IONQ stock has an analyst consensus of Moderate Buy and is a Buy based on its technical indicators.
