Quantum Stock Tracker: IonQ, Rigetti, and D-Wave Gain from Anticipated Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Updated: Aug 22 20250mins
Market Reaction: Quantum stocks experienced a boost following dovish remarks from Fed Chair Jerome Powell, which raised hopes for lower interest rates benefiting debt-laden quantum companies.
Quantum Computing, Inc. (QUBT): The company reported disappointing Q2 results with losses of 26 cents per share and revenue below expectations, but emphasized its focus on delivering practical, purpose-built quantum machines.
IonQ Developments: IonQ's stock rose after announcing it controls over 1,000 patents, highlighting its technical leadership and ambition to develop a quantum system with 2 million qubits by 2030.
D-Wave Quantum Conference: D-Wave announced its first Qubits Japan 2025 user conference in Tokyo, reflecting the growing importance of Asia in quantum computing, while also reporting an 83% increase in bookings in the APAC region over the past year.
QBTS.N
$0.0000%Past 6 months
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
No Data
Powered By
Intellectia
Analyst Views on QBTS
Wall Street analysts forecast QBTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is 38.89 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 28.440
Low
35.00
Averages
38.89
High
48.00
Current: 28.440
Low
35.00
Averages
38.89
High
48.00
Evercore ISI
Outperform
initiated
$44
2025-12-03
Reason
Evercore ISI
Price Target
$44
2025-12-03
initiated
Outperform
Reason
Evercore ISI initiated coverage of D-Wave Quantum with an Outperform rating and $44 price target. The firm, which views D-Wave as "a leading play" as the computing industry shifts to a quantum computing era, highlights it as the first quantum company with commercial revenues, a full stack ecosystem and one that is well-funded.
Benchmark
David Williams
Buy
maintain
$20 -> $35
2025-11-10
Reason
Benchmark
David Williams
Price Target
$20 -> $35
2025-11-10
maintain
Buy
Reason
Benchmark analyst David Williams raised the firm's price target on D-Wave Quantum to $35 from $20 and keeps a Buy rating on the shares following what the firm calls "another quarter of strong progress with continued momentum on the path to broad commercialization and sustainable profitability." Despite the momentum reversal across the emerging technology landscape, specifically in quantum, the firm remains confident in D-Wave's unique architecture and ongoing technology progress and encourages investors to be "opportunistic in gaining exposure."
Canaccord
Buy
maintain
$20 -> $41
2025-11-07
Reason
Canaccord
Price Target
$20 -> $41
2025-11-07
maintain
Buy
Reason
Canaccord raised the firm's price target on D-Wave Quantum to $41 from $20 and keeps a Buy rating on the shares. The firm said D-Wave's business performed well in Q325 with $3.7M in revenue squarely beating consensus estimates. $2.4M in total bookings is up meaningfully from $1.3M in Q2'25. Canaccord views bookings as the best indicator of the health of the business, so we're encouraged to see that figure up quarter-over-quarter and year-over-year in Q3.
Rosenblatt
Buy
maintain
$30 -> $40
2025-11-07
Reason
Rosenblatt
Price Target
$30 -> $40
2025-11-07
maintain
Buy
Reason
Rosenblatt raised the firm's price target on D-Wave Quantum to $40 from $30 and keeps a Buy rating on the shares following a transfer of coverage. The company reported a solid Q3 with strong bookings momentum in Q4, the analyst tells investors in a research note.
See All Ratings
About QBTS
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
About the author
Preview
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sigh Up to Get Intellectia Insights
Why did D-Wave establish a new business unit for U.S. government projects?
What role does Jack Sears Jr. play in D-Wave's government-focused division?
How might D-Wave's Advantage2 system impact its adoption in defense sectors?
Will D-Wave's stock continue to rise after its 155% increase this year?