Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence (AI). 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. 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.
Arqit Quantum (ARQQ) – Arqit Quantum is working on encryption technology to protect communications from future quantum threats. Its main product, QuantumCloud, creates secure keys that can be used with current networks and are strong enough to resist quantum attacks.
The stock has earned an analyst consensus of Moderate Buy. Also, ARQQ stock has an average price target of $60.00, which implies upside of 37.02%. Currently, ARQQ stock has a Smart Score of eight.
Alphabet (GOOGL) – Alphabet’s Google recently disclosed that its new Willow quantum chip ran the Quantum Echoes algorithm 13,000 times faster than the world’s best supercomputer. This marks the first-ever quantum advantage on hardware and could lead to practical applications in areas such as drug discovery and materials science within the next five years.
Overall, the analyst consensus on the stock is Strong Buy. Based on the average price target of $266.00, GOOGL stock has a potential upside of 1.84%. Also, it has a Smart Score of “Perfect 10.”
RTX (RTX) – RTX is exploring quantum tech to improve defense systems. It is working on quantum sensing, secure communications, and radar that could help detect threats more accurately and protect data in future military use.
RTX stock has an analyst consensus of Moderate Buy and a Smart Score of eight. Also, its average price target of $190.70 implies upside potential of 6.28%.
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