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.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
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. Today, we have picked stocks that carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, which indicates that these stocks have the potential to beat the market.
Here are today’s top quantum computing stock picks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
IonQ (IONQ) – IonQ develops quantum hardware and software to solve complex computational problems. Earlier this week, the company acquired quantum networking company Qubitekk to expand its capabilities. With this deal, IonQ got hold of 118 quantum networking patents.
Interestingly, the stock has an analyst consensus of Strong Buy and its average price target of $40 implies an upside of 32.2%. IONQ stock has a Smart Score of eight.
D-Wave Quantum (QBTS) – QBTS develops quantum systems, software, and services. The company’s new 4,400+ qubit Advantage2 processor offers a 25,000-fold speed improvement on materials science problems compared to the previous Advantage system.
Overall, the analyst consensus on the stock is Strong Buy. With an average price target of $6.15, the stock’s implied upside about 1%. QBTS stock has a Smart Score of eight.
RTX (RTX) – RTX is a defense and aerospace company. The company has recently developed next-generation quantum sensors using squeezed light technology to enhance precision beyond current traditional sensors.
The stock has earned an analyst consensus of Moderate Buy and an average price target of $134.27, indicating a 15.83% upside. RTX stock has a “Perfect 10” Smart Score.
