Quantum-computing stocks roar back as analyst sees massive upside

Most quantum-computing stocks are bouncing back from Monday’s drubbing, which saw D-Wave Quantum, Rigetti Computing, IonQ, and Quantum Computing shed $2.5 billion in value.

The surges come as Craig Ellis, director of research at B. Riley, more than doubled his price target on Rigetti from $4 to $8.50, and doubled his price target on D-Wave to $9.

Tuesday’s rebound is bad news for the short sellers who’ve amassed bets against the industry, with $58 million in fresh positions added in the first two weeks of 2025, per S3 Partners.

IonQ is a standout to the downside: while the other members of the aforementioned quartet are up between 4% and 13% as of 11:10 a.m. ET, that stock is off over 3%.

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