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 stocks to buy, it is essential to evaluate their upside potential. Thus, here are today’s top quantum computing stock picks, each with over 30% 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.
SEALSQ (LAES) – The company is advancing post-quantum semiconductor tech to protect digital transactions from future quantum threats. It plans to launch a full quantum computing platform in 2025, expanding its market presence. Overall, the analyst consensus on the stock is Strong Buy. Based on the average price target of $6, LAES stock has a potential upside of 79.37%.
Onto Innovation (ONTO) – Onto Innovation is focused on advanced metrology and inspection solutions that support the manufacturing of quantum devices. The stock has earned an analyst consensus of Moderate Buy. Also, ONTO stock has an average price target of $134.63, which implies upside of 35.66%.
Arqit Quantum (ARQQ) – Arqit Quantum focuses on improving quantum encryption and cybersecurity. The company is known for its QuantumCloud platform, which delivers quantum-safe encryption to protect data against future quantum computing threats. ARQQ stock has an analyst consensus of Moderate Buy. Also, its average price target of $52 implies upside potential of 42.37%.