Quantum computing is still in its early stages, and companies such as Xanadu Quantum (XNDU), Quantum Computing (QUBT), and D-Wave Quantum (QBTS) are drawing interest. These companies are building hardware and software that could power the next wave of high-performance computing. Some quantum stocks now carry over 70% upside based on recent analyst targets.
Xanadu Quantum Technologies
Xanadu focuses on photonic quantum computing using light. Its platform PennyLane has become an open-source industry standard for quantum machine learning and differentiable programming. Backed by a solid $312.8 million cash runway, a fast‑growing team in its new Albany, New York hub, and ongoing talks for a CAD $390 million government funding boost for Project OPTIMISM, Xanadu is strengthening its supply chain.
XNDU stock has an analyst consensus of Moderate Buy, with an average price target of $28, suggesting an upside of 155.71%.
Quantum Computing
QUBT develops quantum optimization devices, such as the Dirac-3 system, and quantum-safe/secured networking and communication tech. It saw strong commercial growth in 2026, with revenue jumping 9,000% year over year to $5.6 million in Q2, helped by key acquisitions and the buildout of U.S. photonic hardware production.
QUBT stock has an analyst consensus of Moderate Buy and carries an average price target of $17, indicating a 90.58% upside potential.
D‑Wave Quantum
D-Wave is turning its tech gains into real commercial demand, reflected by a strong $40.7 million backlog. With a large $546.2 million cash runway and the purchase of Quantum Circuits to speed up work on gate‑model systems, D‑Wave’s market reach is growing. Its progress was also backed by new real‑world launches, including NTT DOCOMO’s second quantum application.
The stock has earned an analyst consensus of Strong Buy. With an average price target of $35.79, the stock has an upside potential of 75.51%.
