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 choosing which stocks to buy, it is essential to evaluate their upside potential. Thus, here are today’s top quantum computing stock picks, each with over 20% upside potential in the next 12 months. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio.
D-Wave Quantum (QBTS) – QBTS is known for its Advantage quantum computer, solving problems that classical supercomputers cannot. It is also advancing gate-based tech with fluxonium qubits, aiming for real-world impact and a 100,000-qubit scale. Overall, the analyst consensus on the stock is Strong Buy. Based on the average price target of $22.18, QBTS stock has a potential upside of 42.73%.
Rigetti Computing (RGTI) – RGTI revealed a 36-qubit multichip system with 99.5% two-qubit gate fidelity, cutting error rates in half compared to previous models. Notably, it plans to launch a 100+ qubit system by year-end, using a chiplet design that makes it easier to scale and improve performance. The stock has earned an analyst consensus of Strong Buy. Also, RGTI stock has an average price target of $18.83, which implies upside of 27.06%.
Microsoft (MSFT) – Microsoft is building quantum computers using topological qubits, which are designed to be more stable. It recently made progress with reliable logical qubits, bringing it closer to building large, error-resistant systems. MSFT stock has an analyst consensus of Strong Buy. Also, its average price target of $624.08 implies upside potential of 23.04%.
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