Quantum computing is rapidly moving from experimental concept to commercial reality, drawing serious attention from Wall Street analysts tracking the sector’s growth.
Benchmark analyst Gary Mobley, who ranks among the top 4% of Wall Street analysts, has laid out a bullish case for three publicly traded quantum computing companies.
Grand View Research projects the quantum computing market will expand from roughly $1.9 billion in 2026 to more than $8 billion by 2033, underscoring the scale of opportunity ahead.
Mobley noted, “We are bullish on the quantum computing sector. We see the legitimacy of the technology further building on the recent momentum.”
He added that “in quantum computing, it is not a ‘winner-takes-all’ situation,” and recommends investors take a portfolio approach to the sector by diversifying across multiple names.
IonQ (IONQ), headquartered in College Park, Maryland, uses trapped ion technology to build quantum computers, positioning itself near major research institutions and government agencies in the Washington, DC area.
The company’s latest quantum system, the Tempo, is a 100-qubit-rated machine described as commercially advantage capable and significantly faster than comparable publicly available quantum computers.
IonQ reported first-quarter 2026 revenues of $64.7 million, nearly $15 million above expectations and more than 700% higher year-over-year, reflecting contributions from acquisitions and continued commercial growth.
The company closed a $1.8 billion acquisition of SkyWater, a Pentagon-accredited, wholly US-based semiconductor foundry, on July 31, making IonQ the only quantum hardware company with that domestic manufacturing capability.
Mobley writes that IonQ “has evolved from a single-product company into a fully integrated quantum solutions provider spanning each major domain of the ecosystem but remains underappreciated,” and assigns the stock a Buy rating with a $60 price target implying roughly 65% upside.
Wall Street’s consensus on IONQ is even more optimistic, with a Strong Buy rating based on 9 analyst reviews, and an average price target of $69.31 suggesting 90% upside from the current share price of $36.44.
Rigetti Computing (RGTI), founded in 2013 and based in Berkeley, California, specializes in superconducting quantum integrated circuits and recently announced an expansion of its collaboration with HPE and the Pittsburgh Supercomputing Center.
Rigetti reported first-quarter 2026 revenue of $4.4 million, beating forecasts by $272,000 and surging 199% year-over-year, though the company remains unprofitable with a net loss per share of $0.04.
Mobley called RGTI “one of the most focused pure-play quantum computing chip companies in the public markets,” praising its capital-efficient partner ecosystem and chiplet architecture as it advances toward quantum advantage.
Mobley assigns RGTI a Buy rating with a $25 price target implying 67% upside, while Wall Street’s average target of $30.71 points to a potential one-year gain of 105% from the current price of $14.95.
D-Wave Quantum (QBTS) stands apart from peers by developing both annealing and gate-model quantum computing systems, a dual-platform approach that Mobley believes uniquely positions the company to capture the full addressable quantum computing market.
D-Wave completed a $550 million acquisition of Quantum Circuits, Inc. earlier this year and also announced an expanded agreement with AT&T to increase the telecom giant’s use of D-Wave’s quantum computing technology.
The company’s first-quarter 2026 bookings surged an astounding 2,000% year-over-year to reach $33.4 million, a forward-looking indicator that analysts view as a significant signal of building commercial demand.
Mobley stated that “QBTS’ dual-rail gate-model quantum technology, the result of the January 2026 acquisition of Quantum Circuits, changes the game for QBTS and the industry,” and assigns the stock a Buy rating with a $30 price target implying 66% upside.
D-Wave holds a Strong Buy consensus from 14 analysts including 13 Buys, with an average price target of $37.58 implying a 108% gain from its current trading price of $18.05.
