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Key Points
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D-Wave, IonQ, and Rigetti are prominent players in quantum computing, each with unique approaches.
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Despite a decline of at least 50% from recent highs, analysts remain optimistic about these stocks.
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Wall Street expresses favorable views on other quantum computing firms, including Quantum Computing Inc. and Microsoft.
Wall Street is optimistic about quantum computing stocks D-Wave Quantum (NYSE: QBTS), IonQ (NYSE: IONQ), and Rigetti Computing (NASDAQ: RGTI), despite their shares dropping significantly. D-Wave has a consensus price target indicating an 85% potential upside, while IonQ shows a 72% upside, and Rigetti a 74% upside, based on analyst ratings from S&P Global.
D-Wave employs quantum annealing using superconductors, IonQ utilizes a trapped-ion architecture for qubit creation, and Rigetti focuses on superconducting qubits. These differing technological strategies may impact their future success in the market.
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