Quantum Computing Stocks Drop Amid Price Target Cuts, Analysts Highlight Long-Term Growth Potential Shares of IonQ (IONQ), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI) experienced declines in early trading on Tuesday following a price target reduction by Mizuho Securities analyst Vijay Rakesh. The analyst adjusted his forecasts for all three stocks, lowering his estimates to $61 for IonQ (from $80), $31 for D-Wave (from $40), and $33 for Rigetti (from $43). Despite the downward revisions, Rakesh maintained an "Outperform" rating on each company, signaling his continued confidence in the sector’s long-term prospects. The price cuts reflect short-term caution among investors, though Rakesh emphasized that the broader quantum computing narrative remains intact. The analyst, ranked #32 on TipRanks with a 60% success rate and an average return of 44.70% per rating, attributed the near-term volatility to market uncertainty. However, he pointed to several structural trends that could drive sustained growth in the industry. One key factor is the increasing adoption of NVQLink, a technology that enhances error correction and enables the integration of quantum and classical computing systems. This advancement is critical for making quantum computers more practical for real-world applications, such as complex simulations and optimization problems. Rakesh noted that the ability to combine these computing paradigms is a significant step toward commercial viability. At the same time, competition within the sector is intensifying as companies race to achieve more than 200 logical qubits—a benchmark for scalable quantum computing. Most industry players have set targets to reach this milestone between 2027 and 2029, creating a race to innovate and secure market leadership.#ionq #mizuho_securities #vijay_rakesh #d_wave_quantum #rigetti_computing
