In this article, we discuss the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
Quantum computing is no longer just a futuristic concept; it is slowly making its way into real-world applications, and Wall Street is taking notice. At its foundation, quantum computing uses the peculiar rules of quantum mechanics to process information in ways that traditional computers cannot, allowing it to tackle certain problems millions of times faster than today’s supercomputers. While the technology is still in its early stages, its ability to transform sectors is enormous.
Previously, only a few organizations had access to quantum systems due to their exorbitant costs and extensive infrastructure. However, with the emergence of quantum-as-a-service (QaaS), businesses may now gain access to this powerful technology via the cloud. This pay-as-you-go strategy removes obstacles, allowing corporations, researchers, and even startups to experiment with quantum capabilities without spending millions on specialist hardware.
The effects extend across industries. Pharmaceutical companies are investigating quantum technology to expedite drug discovery by mimicking molecular interactions. Aerospace and automotive industries are investigating materials at the subatomic level to create more efficient vehicles. Financial institutions are utilizing it to improve risk modeling and better understand market intricacies. Even climate researchers see prospects for gaining insights into global environmental systems.
With the global quantum computing market expected to rise from $1.8 billion in 2025 to roughly $7.5 billion by 2030, analysts are looking for companies that can lead this revolution. The question for investors is: Which quantum computing equities are Wall Street’s favorites?
With this backdrop in mind, let’s look at the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
A modern computer datacenter, running an advanced quantum computer system.
Our Methodology
To curate our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts, we used the Finviz screener to extract a list of quantum computing stocks. From this list, we picked stocks with a projected upside of over 10% based on analyst price targets. Finally, we ranked the stocks according to their upside potential as of the time of writing. We also assessed hedge fund sentiment around each stock using Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders: 212
Upside Potential: 11.01%
With significant upside potential, NVIDIA Corporation (NASDAQ:NVDA) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 21, 2025, NVIDIA Corporation (NASDAQ:NVDA) faced both geopolitical headwinds and new growth possibilities.
In Beijing, regulators, including the CAC, NDRC, and MIIT, tried to prevent Chinese tech companies from purchasing Nvidia’s H20 chips, prompted by recent remarks by US Commerce Secretary Howard Lutnick. The restrictions hampered demand, despite early interest, which forced NVIDIA Corporation (NASDAQ:NVDA) to restart H20 production lines.
On the same day, NVIDIA Corporation (NASDAQ:NVDA) was announced as a key investor in Nuro’s $203 million fundraising round alongside Uber, underscoring the company’s continued push into autonomous driving technologies. The opposing developments highlight Nvidia’s balancing act of managing US-China relations while increasing worldwide bets on AI and self-driving technologies.
NVIDIA Corporation (NASDAQ:NVDA) develops graphics, AI computing, and networking solutions for data centers, gaming, automotive, and industrial applications globally. It is one of the Best Quantum Computing Stocks.
11. Veeco Instruments Inc. (NASDAQ:VECO)
Number of Hedge Fund Holders: 23
Upside Potential: 12.50%
Veeco Instruments Inc. (NASDAQ:VECO) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 13, 2025, Benchmark Co. analyst Mark Miller reaffirmed his Buy rating on Veeco Instruments Inc. (NASDAQ:VECO) with a $28 price target, describing the company as an attractive opportunity within the broader tech hardware boom.
Miller cited Veeco’s long-term growth drivers as substantial demand for Nearline hard drives, which is driving future ion beam tool orders, strong momentum in wet processing from AI, HBM, and mobile applications, and a predicted doubling of advanced packaging and gate-all-around sales by 2025. Veeco Instruments Inc. (NASDAQ:VECO) is also progressing five client qualifications with high follow-on potential, as well as pursuing a new DRAM customer for its laser anneal tools—initiatives that might boost earnings in the future years.
Veeco Instruments Inc. (NASDAQ:VECO) designs and manufactures semiconductor and thin film processing equipment for use in logic, memory, photonics, power electronics, and hard disk drive components. It is one of the Best Quantum Computing Stocks.
10. Lam Research Corporation (NASDAQ:LRCX)
Number of Hedge Fund Holders: 91
Upside Potential: 13.99%
With significant upside potential, Lam Research Corporation (NASDAQ:LRCX) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
Cantor Fitzgerald boosted its price target on Lam Research Corporation (NASDAQ:LRCX) to $120 from $115 on August 21, 2025, while maintaining a Buy rating following talks with company management in New York. The firm emphasized management’s optimistic forecast, citing solid competitive posture through 2026, supported by new product platforms and increased exposure to high-growth semiconductor equipment industries. Lam Research has generated 23.7% sales growth and a remarkable 58% return on equity over the last year, boosting investor confidence.
Cantor noted the company’s transition toward Foundry and Logic, moving beyond its memory-focused positioning, as demand from China increased. With management projecting EPS of $6.00 in 2026, significantly above expectations, Cantor believes Lam Research Corporation (NASDAQ:LRCX)’s valuation will rise.
Lam Research Corporation (NASDAQ:LRCX) designs and manufactures semiconductor processing equipment for the manufacturing of integrated circuits in global markets. It is one of the Best Quantum Computing Stocks.
9. Advanced Micro Devices, Inc. (NASDAQ:AMD)
Number of Hedge Fund Holders: 97
Upside Potential: 15.99%
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 6, 2025, TD Cowen raised its price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) to $195 from $165, maintaining its Buy rating following a “solid beat/raise” quarter. The company emphasized strong performance in its Gaming segment, which was achieved without the use of AMD’s MI308 processor, and pointed to future momentum from the MI355 ramp in the second half of 2025.
Analysts highlighted unchanged gross margins despite increased data center GPU output, and EPS growth was limited by greater operating expenses associated with rack-scale AI initiatives. Importantly, TD Cowen underlined that Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Instinct franchise is emerging as the largest growth driver, with significant quarter-over-quarter expansion projected and with growing confidence in the important MI400/Helios portfolio by 2026.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor design and manufacturing company that serves global markets in data centers, gaming, client computing, and embedded technologies. It is one of the Best Quantum Computing Stocks.
8. Honeywell International Inc. (NASDAQ:HON)
Number of Hedge Fund Holders: 75
Upside Potential: 16.93%
With significant upside potential, Honeywell International Inc. (NASDAQ:HON) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
Honeywell International Inc. (NASDAQ:HON) is increasing its focus on smart energy as part of its continuing portfolio restructuring. On August 20, 2025, the firm announced the acquisition of three utility platforms from SparkMeter, Inc.—Praxis, GridScan, and GridFin—to bolster its Honeywell Forge Performance+ for Utilities portfolio.
The agreement provides utilities with advanced grid information, analytics, and financial management capabilities to help them modernize infrastructure and meet rising energy demand more efficiently. The acquisition follows Honeywell International Inc. (NASDAQ:HON)’s broader strategic realignment, which includes the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials units, as well as a series of $14 billion acquisitions since 2023, highlighting the company’s shift toward high-growth, technology-enabled solutions.
Honeywell International Inc. (NASDAQ:HON) is a global provider of aerospace, industrial automation, building automation, and energy solutions, with sophisticated technologies that modernize industries, optimize operations, and promote long-term growth. It is one of the Best Quantum Computing Stocks.
7. FormFactor, Inc. (NASDAQ:FORM)
Number of Hedge Fund Holders: 24
Upside Potential: 19.60%
FormFactor, Inc. (NASDAQ:FORM) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
FormFactor, Inc. (NASDAQ:FORM) received muted analyst opinions this month as growth hurdles weighed on its expectations.
Citi downgraded FormFactor, Inc. (NASDAQ:FORM) to Neutral from Buy on August 21, 2025, and lowered its price target from $36 to $31. According to analyst Elizabeth Sun, while advanced packaging demand supports FormFactor, slowing trends in smartphones and PCs are putting pressure on sales and profitability, as difficulties outside of AI-driven applications contributed to the downgrade.
Earlier, on August 13, 2025, Stifel Nicolaus reaffirmed its Hold rating on FormFactor, Inc. (NASDAQ:FORM) with a $31 price target, indicating modest potential in the short term. Overall, the updates suggest a cautious approach as investors examine how FormFactor manages irregular demand across its end markets.
FormFactor, Inc. (NASDAQ:FORM) develops and manufactures semiconductor test and measurement products, such as probe cards, cryogenic systems, and thermal subsystems, for global chipmakers and researchers in advanced electronics markets. It is one of the Best Quantum Computing Stocks.
6. SkyWater Technology, Inc. (NASDAQ:SKYT)
Number of Hedge Fund Holders: 15
Upside Potential: 20.55%
SkyWater Technology, Inc. (NASDAQ:SKYT) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 7, 2025, TD Cowen analyst Krish Sankar reiterated its Buy rating on SkyWater Technology, Inc. (NASDAQ:SKYT), citing confidence spurred by the company’s revolutionary Fab 25 agreement with Infineon. The arrangement is intended to create consistent free cash flow, thereby improving financial stability and facilitating investments. Sankar also highlighted SkyWater’s revenue estimate for 2026, which greatly exceeds market expectations, as well as the potential benefits of U.S. Section 232 tariffs, which could drive domestic semiconductor production.
These elements, together with improved gross margins and disciplined operating expenses, support a positive long-term outlook for SkyWater Technology, Inc. (NASDAQ:SKYT). The analyst sees the company as a significant benefactor of strategic collaborations and favorable policy tailwinds.
SkyWater Technology, Inc. (NASDAQ:SKYT) is a U.S.-based pure-play semiconductor foundry that develops, manufactures, and packages innovative microelectronics for the aerospace, defense, automotive, bio-health, and industrial applications. It is one of the Best Quantum Computing Stocks.
5. Microsoft Corporation (NASDAQ:MSFT)
Number of Hedge Fund Holders: 284
Upside Potential: 23.63%
With significant upside potential, Microsoft Corporation (NASDAQ:MSFT) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 20, 2025, UBS confirmed its Buy rating and $650 price target for Microsoft Corporation (NASDAQ:MSFT), citing confidence despite the company’s “significant and aggressive” license and pricing model changes, which will standardize costs across Enterprise Agreements, potentially raising user prices.
The same day, Microsoft Corporation (NASDAQ:MSFT) announced its Quantum Safe Program Strategy, a comprehensive initiative to prepare its products and services for a post-quantum future. The proposal calls for early deployment of quantum-safe capabilities in 2029 and a full transition by 2033, which is ahead of most government timelines.
The positive UBS prognosis, combined with Microsoft Corporation (NASDAQ:MSFT)’s proactive cybersecurity drive, demonstrates the company’s dual focus on near-term monetization and long-term leadership in quantum-era security.
Microsoft Corporation (NASDAQ:MSFT) creates software, cloud services, devices, and cybersecurity solutions for organizations, governments, and consumers worldwide. It is one of the Best Quantum Computing Stocks.
4. Endava plc (NYSE:DAVA)
Number of Hedge Fund Holders: 15
Upside Potential: 26.67%
Endava plc (NYSE:DAVA) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
Endava plc (NYSE:DAVA) has received cautious coverage from Wall Street this month, as analysts examine the IT services sector.
On August 20, 2025, JPMorgan reduced its price target on Endava plc (NYSE:DAVA) to $17 from $18 while maintaining a Neutral rating, citing the sector’s third consecutive year of below-average sales growth. While the firm emphasized that a recovery in growth is required for higher valuations, JPMorgan remains optimistic about future performance.
Earlier, on August 4, 2025, Morgan Stanley’s James Faucette reiterated its Hold rating and $17 target, indicating a consistent but cautious outlook. The revisions emphasize Endava plc (NYSE:DAVA)’s slower near-term growth as larger IT services growth trends weigh on optimism.
Endava plc (NYSE:DAVA), which operates globally from its London headquarters, provides digital transformation, software engineering, and managed IT services to clients in areas such as banking, healthcare, retail, and technology. It is one of the Best Quantum Computing Stocks.
3. Rigetti Computing, Inc. (NASDAQ:RGTI)
Number of Hedge Fund Holders: 22
Upside Potential: 33.33%
With significant upside potential, Rigetti Computing, Inc. (NASDAQ:RGTI) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 13, 2025, Cantor Fitzgerald raised its price target for Rigetti Computing, Inc. (NASDAQ:RGTI) from $15 to $18, keeping an Overweight rating. The firm highlighted Rigetti’s potential for 15% of the worldwide quantum market by 2035, with a present value of $477 million in projected revenue.
On August 20, Rigetti Computing, Inc. (NASDAQ:RGTI) announced a collaboration with Montana State University, launching QCORE, a new research hub with an on-premises 9-qubit Novera™ QPU. The project will support R&D in quantum hardware and hybrid systems and promote workforce development. Together, the improved outlook and academic collaboration highlight Rigetti’s growing importance in developing next-generation quantum technology.
Rigetti Computing, Inc. (NASDAQ:RGTI) develops superconducting quantum processors and provides quantum computing systems and cloud services to businesses, governments, and academic organizations worldwide. It is one of the Best Quantum Computing Stocks.
2. IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 28
Upside Potential: 35.14%
IonQ, Inc. (NYSE:IONQ) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 20, 2025, IonQ (NYSE: IONQ) reported significant advances in its intellectual property portfolio, highlighted by newly issued U.S. patents that solidify its leadership in trapped-ion quantum computing. The company now owns or controls over 1,000 patents and applications, indicating years of deliberate investment in essential technology.
Among the significant grants is a March 25, 2025, patent for portable quantum memory packages, which sets the groundwork for secure, long-distance quantum networks, and an April 1, 2025, patent for a self-aligned fabrication process that improves photonic coupling within quantum memory devices. Executives emphasized that these advancements not only improve scalability and performance but also accelerate the path to commercial quantum advantage, putting IonQ (NYSE: IONQ) at the forefront of quantum computing and networking developments.
IonQ (NYSE: IONQ) creates quantum computers and networks, providing cloud-based access and enterprise-grade quantum solutions for industries including computing, networking, and sophisticated scientific applications. It is one of the Best Quantum Computing Stocks.
1. D-Wave Quantum Inc. (NYSE:QBTS)
Number of Hedge Fund Holders: 13
Upside Potential: 49.90%
With significant upside potential, D-Wave Quantum Inc. (NYSE:QBTS) secures a spot on our list of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.
On August 8, 2025, Piper Sandler raised its price target for D-Wave Quantum Inc. (NYSE:QBTS) to $22 from $13, keeping its Overweight rating. The company reported better-than-expected June quarter earnings, helped by increased traction for its Advantage2 technology.
Piper Sandler also emphasized D-Wave’s growing cooperation with commercial and government stakeholders, stating that the customer base remains above 100. Aside from its annealing-based systems, D-Wave Quantum Inc. (NYSE:QBTS) is developing a gate-model system to address hard challenges in quantum chemistry and 3D fluid dynamics. The research firm called the company’s progress “strong execution” and emphasized that D-Wave’s momentum warrants the significant upward revision in its price target.
D-Wave Quantum Inc. (NYSE:QBTS) creates and supplies quantum computing hardware, software, and cloud services that help businesses and governments tackle optimization, logistics, and advanced scientific problems. It is one of the Best Quantum Computing Stocks.
While we acknowledge the potential of QBTS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QBTS and that has 100x upside potential, check out our report about this cheapest AI stock.
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