Wedbush is making a clear call on quantum computing. Analyst Antoine Legault has initiated coverage on IonQ (IONQ), Rigetti Computing (RGTI), and D-Wave Quantum (QBTS), as the industry moves closer to real commercial use.
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Legault rated all three stocks “Outperform,” with price targets that point to meaningful upside from current levels.
IonQ Seen Gaining Traction as Sales Accelerate
IonQ is a quantum computing company that uses trapped-ion technology. Legault highlighted this approach, which is based on more than 25 years of academic research and sets IonQ apart from many peers. Legault set a $60 price target, pointing to about 21% upside from current levels.
While adoption is still limited, Wedbush said IonQ’s sales pipeline is growing fast. Revenue nearly doubled from $22 million in 2023 to $43 million in 2024, and Legault expects sales to more than double again in 2025 to over $100 million.
He sees broader commercial use of this technology as the next key driver for the stock.
Rigetti Positioned for Long-Term Hardware Growth
Wedbush highlighted Rigetti’s more than 10 years of experience in quantum hardware and its focus on superconducting qubits. The analyst set a $35 price target, which implies about 46% upside from current levels.
Legault said superconducting qubits are seeing strong backing across the industry, driven by steady progress and large investments from major players such as International Business Machines Corp. (IBM) and Alphabet Inc. (GOOGL), along with government support. Wedbush believes this momentum puts Rigetti in a good position to benefit as demand for quantum hardware grows over time.
D-Wave Stands Out on Commercial Readiness
D-Wave Quantum also received an Outperform rating and a $35 price target, implying about 37% upside from current levels. Legault highlighted D-Wave’s quantum annealing systems, which are already being used to solve real-world problems today.
Wedbush said some customers have moved beyond cloud access and purchased full systems for private use, which supports the value of D-Wave’s technology. Legault expects bookings and the revenue pipeline to grow as more companies adopt quantum tools across healthcare, finance, energy, and logistics.
Wall Street’s Take on IONQ, RGTI, and QBTS Stocks
Using the TipRanks Stock Comparison Tool, we compared IonQ, D-Wave Quantum, and Rigetti Computing to see how analysts currently view the quantum space. D-Wave Quantum stands out with a Strong Buy consensus, while IonQ and Rigetti Computing both carry Moderate Buy ratings.
Looking at the upside, analysts see solid potential across the group. IonQ’s average price target of $77.50 implies about 56% upside, D-Wave Quantum’s average target of $40.00 points to roughly 57% upside, and Rigetti Computing shows the highest potential, with an average price target of $40.43, implying nearly 69% upside from current levels.
