2 Quantum Computing Stocks to Buy Before They Soar 128% and 132%, According to Certain Wall Street Analysts

Core Insights - IBM anticipates building a fault-tolerant quantum computer on a large scale by the end of the decade, but the full potential of the technology may not be realized until 2033 at the earliest [1] - Alphabet's CEO compares the current state of quantum computing to artificial intelligence in the 2010s, suggesting a timeline of five to ten years for useful quantum computers [1][6] Group 1: Company Developments - IonQ has announced a roadmap aiming for interconnected systems by 2028 and applications requiring large logical qubit counts by 2030, claiming it will have the most logical qubits and lowest manufacturing costs [2] - IonQ utilizes trapped-ion technology, which produces more stable qubits than D-Wave's superconducting technology, although it is more challenging to scale due to engineering complexities [3][4] - D-Wave's annealing systems currently have more use cases than IonQ's systems, but they are limited to optimization problems [7][9] Group 2: Market Valuation and Analyst Opinions - Analysts have set target prices for D-Wave and IonQ, with D-Wave at $48 per share (128% upside) and IonQ at $100 per share (132% upside) from their current prices of $21 and $43, respectively [5] - The market shows significant enthusiasm for quantum computing, with expectations of triple-digit returns for IonQ and D-Wave in the next 12 months [6] - Despite the potential for high returns, both companies are facing absurd valuations, with IonQ trading at 130 times sales and D-Wave at 246 times sales, alongside significant shareholder dilution [8][11]