Zacks Highlights D-Wave, Rigetti as Quantum Price Targets Jump Up to 94%

2 articles · Updated · Zacks Investment Research · May 23

Zacks' latest Analyst Blog singled out D-Wave Quantum and Rigetti Computing as renewed investor interest lifts pure-play quantum stocks in May 2026.
April U.S. inflation accelerated to 3.8%, but improving risk appetite, heavy AI infrastructure spending and resilient tech earnings are still pushing capital back into speculative next-generation computing names.
D-Wave reported nearly 2,000% year-over-year bookings growth in the first quarter and ended it with $588.4 million in cash and marketable securities, helping support an average analyst price target 90.87% above its $19.06 close.
Rigetti posted 198.9% revenue growth, held $569 million in cash and investments with no debt, and launched its 108-qubit Cepheus-1-108Q system broadly across major cloud quantum platforms.
The note points to expanding enterprise, government and academic adoption as investors look past near-term losses toward longer-term commercialization of quantum computing.

Is the quantum stock surge a true tech revolution or just riding the coattails of a potential AI bubble?

As quantum solves real business problems, how soon will it become an indispensable tool for every major industry?

With quantum power growing, is the 'Harvest Now, Decrypt Later' threat making all current encrypted data obsolete?