Quantum Stock Tracker: Rigetti, D-Wave Climb On Bullish Coverage

Core Insights - Quantum stocks experienced a pullback from all-time highs as investors shifted towards more defensive positions, although some companies in the sector maintained upward momentum [1] - Analysts from BofA Securities and B. Riley provided bullish coverage on quantum stocks, predicting the market to grow to approximately $4 billion by 2030, with significant revenue inflection expected around the same time [2] - B. Riley analyst Craig Ellis raised price targets for quantum companies, citing faster-than-expected technological advancements and commercial achievements [3] Company-Specific Updates - Rigetti Computing, Inc. (NASDAQ: RGTI) had its price target raised from $19 to $35 by B. Riley, maintaining a Buy rating, with shares increasing nearly 13% for the week [4] - IonQ, Inc. (NYSE: IONQ) successfully demonstrated a significant advancement in its prototype system by converting visible wavelengths to telecom wavelengths, which is crucial for the quantum internet [5][6] - D-Wave Quantum, Inc. (NYSE: QBTS) saw a price target increase from $22 to $33, with shares trading up by more than 3% on Friday, reflecting confidence in its leadership in the quantum-computing sector [7][8] - Quantum Computing, Inc. (NASDAQ: QUBT) closed an oversubscribed private placement raising $500 million, increasing its total cash position to about $850 million, which will support commercialization and strategic acquisitions [9][10]