Investors considering emerging quantum computing stocks should look to D-Wave and IonQ. Rosenblatt analyst Kevin Garrigan has initiated buy ratings on both companies, with price targets of $30 for D-Wave and $70 for IonQ. This implies gains of around 64% or more from their latest close.
Garrigan believes quantum computing can solve problems intractable for classical supercomputers, despite widespread quantum advantage still being several years away. Early enterprise adoption is driving targeted applications in optimization, quantum chemistry, and cybersecurity.
Key players like D-Wave are innovating quantum computing chips and systems, while companies like IonQ monitor long-term disruptive plays in cryptography and AI acceleration as quantum hardware scales. Despite volatility, bulls remain focused on the technology’s potential to revolutionize industries.
Recent performance shows D-Wave is up over 122% year-to-date, with a 1,812% rally over the past 12 months. IonQ has added just 3.6% in 2025 but surged more than 452% over the past year. Rigetti Computing has also seen significant gains, with shares rising roughly 41% over the past month.
IonQ aims to achieve broad commercial application by 2030, while D-Wave specializes in quantum annealing systems that solve large-scale optimization problems efficiently. Garrigan notes that IonQ’s trapped-ion quantum computing technology offers architectural advantages but faces challenges with scaling laser control as qubit counts increase.
Source: https://www.cnbc.com/2025/07/29/the-best-ways-to-play-the-emergence-of-quantum-computing-according-to-rosenblatt.html