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Wedbush initiates coverage on quantum computing stocks (IONQ:NYSE) - Seeking Alpha

Google News – Quantum Computing
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⚡ Quantum Brief
Wedbush Securities launched coverage on four quantum computing stocks, assigning Outperform ratings to IonQ, Rigetti, and D-Wave Quantum, while rating Quantum Computing as Neutral. The firm cited quantum computing’s transformational potential as the next frontier in computing. Analysts project quantum computing spend on these companies could reach nearly 2% of total compute expenditures by 2030, up from virtually zero today, driven by commercial adoption and energy efficiency gains. Price targets were set at $60 for IonQ, $35 for Rigetti and D-Wave Quantum, and $12 for Quantum Computing, reflecting confidence in long-term growth despite the sector’s early-stage status. All four stocks rose in premarket trading following the announcement, signaling investor optimism about the firm’s bullish outlook on quantum computing’s market potential. Wedbush highlighted quantum’s generational investment theme, emphasizing optimization benefits, expanding total addressable market, and transition from research to real-world applications by decade’s end.
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5ShareSavePlay(2min)Comments(36)mustafaU Wedbush Securities initiated coverage on quantum computing stocks on Wednesday, putting Outperform ratings on IonQ (IONQ), Rigetti (RGTI) and D-Wave Quantum (QBTS) and a Neutral rating on Quantum Computing (QUBT). “Quantum computing remains in its nascent stages, but we view it as a transformational technology with significant long-term potential which we believe will ultimately represent the next frontier of computing,” analysts at the firm wrote in a note to clients. “We expect that by the end of the decade, quantum computing companies will represent a larger share of the total spend on compute from what is a very small base today. Specifically, we project quantum computing spend on the four covered companies could reach just under 2% of total compute expenditures by 2030, from virtually nothing today, as the technology moves from research to commercial applications. The combination of significant [total addressable market] growth, real-world benefits from optimization, and potential energy efficiencies make quantum a generational investment theme.” The respective price targets are $60 for IonQ, $35 for Rigetti, $35 for D-Wave Quantum and $12 for Quantum Computing. IonQ, Rigetti, D-Wave Quantum and Quantum Computing were all higher in premarket trading.

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