Analysts Give Thumbs Up to IonQ, IBM, and Alphabet for Quantum Computing Potential

Three stocks are drawing attention from analysts for their potential in quantum computing: IonQ, IBM, and Alphabet. According to MarketBeat, all three carry Buy or Moderate Buy ratings from analysts.

IonQ is a pure-play quantum company, meaning its entire business focuses on quantum computing. This makes it the highest-risk option, as it has yet to turn a profit. Despite this, 9 analysts rate IonQ a Buy, 4 Hold, and 1 Sell, with an average price target of $69.92.

IBM takes a different approach, offering cloud-based access to quantum systems through its Qiskit platform. The company generates steady revenue and cash flow from its existing software and infrastructure businesses, making it a more defensive option for investors who want quantum exposure but are uncomfortable with IonQ's risk profile.

Alphabet combines its dominant tech empire with significant investment in quantum research through Google Quantum AI. Analyst coverage of Alphabet is overwhelmingly positive, with 6 Strong Buy ratings, 44 Buy ratings, and 4 Holds, and an average price target of $419.86.