Analysts Are Bullish on These 3 Quantum Computing Stocks — Including One You’ve Never Heard Of
Some generations have the privilege of seeing the next technological leap occur in real time. We have that today – and we’re watching quantum computing emerge as tomorrow’s high-tech standard. Quantum computing uses the basic principles of quantum physics – the physics of subatomic particles – to allow for faster and more complex computer architectures, and in turn enable far more powerful computers than are currently available.
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According to Precedence Research, the quantum computing market reached $1.44 billion last year and is projected to climb to $19.44 billion by 2035, reflecting a 29.7% CAGR over the period. North America remains the dominant region, accounting for more than 60% of global market share as of 2025.
This growing boom is powered by several factors, including advances in quantum computer hardware, increased accessibility of new quantum systems through cloud-based servers, and growing demand in multiple sectors for increased computing that can solve ever-more complex problems. Quantum computing is proving especially popular and relevant in machine learning, banking & financial services, and pharmaceutical development.
Wall Street’s analysts are bullish on the quantum sector and have picked out three quantum computing stocks that investors should check out – including one under-the-radar name that most investors likely haven’t heard of. Using data from TipRanks, let’s take a closer look at what’s behind these picks.
IonQ(IONQ)
We’ll start with a quantum computing company that is using an unusual approach to the field. IonQ is working with trapped ion technology in its quantum circuit development. These are charged atomic particles, and their stable electric states, based on subatomic electrons within the atom, are usable in storing quantum qubit data – the basic unit of quantum computing. IonQ uses electromagnetic fields to trap the ions, and manipulates them using lasers in ways that tap their natural quantum properties. The company uses ytterbium, a rare-earth metallic element, as the source of ions to support its quantum computers.
IonQ has used its trapped ion tech as the base for several lines of commercial production quantum computers. They include the 36-qubit range Forte and Forte Enterprise systems – with the Forte Enterprise being data-center ready and built for compatibility with existing standard racks, so that it will fit within most of the existing installation specs at most data centers. This compatibility makes quantum computing more readily accessible in the data center segment, with its constant need for higher performance. IonQ’s latest system is Tempo, rated at 64 algorithmic qubits. The company states that Tempo is far faster than other, comparable, publicly available quantum computers.
IonQ’s headquarters are in College Park, Maryland, the hometown of the University of Maryland and not far from the target-rich customer environment of Washington, DC. The company has over 1,100 patents granted or pending around the world, and estimates the potential economic value of quantum computing at $2 trillion by 2035.
In 4Q25, the last quarter reported, IonQ posted quarterly revenues of $61.9 million, beating the forecast by $21.5 million and growing an impressive 429% year-over-year. At the bottom line, IonQ ran a net loss of 20 cents per share in the quarter – but that figure beat expectations by 3 cents per share.
Jefferies analyst Kevin Garrigan is impressed with this quantum company, and writes, “We continue to view the setup for IONQ shares as attractive as the company pairs a semiconductor-leveraged roadmap with diversified commercial demand across compute, networking/security, and sensing… The 256‑qubit system remains on track for 4Q26, commercial demand continues to broaden, and, importantly, the core business saw +80% Y/Y growth in FY25, helping settle the organic vs. inorganic debate.”
Garrigan sets a Buy rating here, along with a $90 price target that indicates room for 213% share price growth in the year ahead. (To watch Garrigan’s track record, click here)
The 12 recent analyst reviews on IonQ break down to 9 Buys and 3 Holds, for a Strong Buy consensus rating. The stock is priced at $28.79 and its $65.91 average target price suggests a 12-month gain of 129%. (See IONQ stock forecast)
D-Wave Quantum(QBTS)
Next up is D-Wave, a Palo Alto-based quantum computing company that has been developing the next generation of high-end computing since 1999. D-Wave describes itself as a ‘full-stack’ developer in quantum computing, capable of creating and delivering both the hardware and software needed to make quantum computing a reality. The company boasts that it can design and deliver quantum computing solutions from the ground up, and can do so for a wide range of science and business applications.
D-Wave’s approach to quantum computing is based on both annealing and gate-model quantum systems. Quantum annealing is an approach that was created for optimized computing, while the gate-model approach is intended to use quantum logic on superconducting circuits. Using the dual-platform approach addresses the complex needs of modern computation from two directions, to gain the best advantage from quantum tech.
The company notes that annealing and gate-model systems find different types of solutions through quantum computing. Annealing systems are said to be more useful for some AI applications as well as materials simulations, while the gate-model systems have found greater use in fields such as chemistry, energy storage, and molecular design.
To bring these systems and advantages into the public realm, D-Wave has developed Leap, a quantum cloud system that operates in real time. The target audience is business clients, who have need for high-performance computing and can derive direct benefits from bringing quantum computing to bear on their work. Leap was launched in 2018, and now allows public access to some of the world’s most advanced cloud-connected quantum computers.
In addition to this approach, D-Wave also has its Advantage 2 system, an advanced annealing quantum computer. This is a high-end system, featuring 4,400+ qubits, 20-way connectivity, and hybrid solver integration, that delivers speed, scale, and quality solutions.
However, in its last reported quarter, D-Wave missed expectations on both the top and bottom lines. That quarter, 4Q25, showed $2.8 million in revenue, up 19% year-over-year, yet the figure fell short of the estimates by $940,000. The company recorded a net EPS loss for the quarter, by non-GAAP measures, of -$0.09, missing expectations by 3 cents per share.
Nevertheless, this stock has caught the attention of Roth’s Suji Desilva, an analyst ranked among the top 2% on Wall Street, who sees a sound future for the company. The 5-star analyst writes of D-Wave, “We expect continued momentum for QBTS with a combined quantum annealing and newer gate model offering, boosted by the recent Quantum Circuits acquisition (completed in January 2026 for $550 million). We expect the company to gain traction across increasingly larger QCaaS deals coupled with continued hardware sales including the recent sale in Florida.”
Following from this stance, Desilva sets a Buy rating on QBTS, and his $30 price target points to a one-year gain of 110.5% for the stock. (To watch Desilva’s track record, click here)
D-Wave has a unanimous Strong Buy consensus rating, based on 13 recent positive analyst reviews. The stock is currently trading for $14.25 and its $38.18 average target price implies that it will gain 168% by this time next year. (See QBTS stock forecast)
Infleqtion(INFQ)
Last up is the company you likely haven’t heard of – Infleqtion. This quantum computing firm uses neutral atoms as the base for its quantum computer systems, a method that has certain advantages.
To start with, every neutral atom is identical to every other neutral atom of the same element, meaning that the physical substrate of the system is uniform. This allows a system that does not need to be corrected for manufacturing defects. The quantum mechanics are inherent in the internal structure of the atoms, which can be cooled, using lasers, to nearly absolute zero. No liquids, refrigerators, or cryostats are required for this, and it makes the quantum system compatible with a wide range of applications.
By taking this approach, Infleqtion has become a leader in the global quantum computing industry. The company’s product portfolio includes quantum computers, quantum optical clocks, RF receivers, and inertial sensors – a wide variety of high-end, high-performance tech devices, all of which are based on quantum computing processes. Infleqtion is already a major provider of quantum computing to the US government – the Army, Navy, and Air Force are among the company’s customers, as are the Department of Energy and NASA. Infleqtion also works with the UK government and major civilian companies such as Nvidia, JPMorgan, and LG Electronics.
Infleqtion may have built up a strong customer base, but it is new to the public trading markets. The company started trading on the public markets on February 17 this year, after completing a SPAC transaction with Churchill Capital Corp X. The transaction made Infeqtion the first neutral atom quantum company to enter the public markets, and brought in some $550 million in gross proceeds. Infleqtion now boasts a market cap valuation of $2.73 billion.
Also of interest to investors, Infleqtion has targeted $40 million in revenue for the full fiscal year 2026. The company reported $32.5 million at the top line in 2025.
Turning to the analyst views, we find BTIG’s Jesse Sobelson taking an upbeat look at this company, Sobelson says, “Infleqtion is one of the few public quantum companies generating revenue today, with a neutral atom platform uniquely positioned to address both the $130B quantum computing and $30B quantum sensing market; at a significant discount to less technically capable peers. We believe neutral atoms represent the most scalable and practical qubit architecture: room-temperature operation, all-to-all connectivity (cutting compute steps by 1,000x+), and natural freedom from the chip density and photonic interconnect scaling concerns that constrain competing platforms. With a 1,600 physical qubit array demonstrated, 12 logical qubits already achieved, and 99.73% 2-qubit gate fidelity, INFQ’s hardware stands among the most technically advanced in the industry… INFQ trades today at a steep discount despite a superior capital efficiency profile and a roadmap targeting 1,000+ logical qubits at four-nines fidelity by 2030.” (To watch Sobelson’s track record, click here)
Quantifying this stance, Sobelson rates INFQ shares as a Buy, with a $22 price target that implies a one-year upside potential of 75%. Sobelson’s is the only analyst review on file for this stock, which is currently trading for $12.59. (See INFQ stock forecast)
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
