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2 Quantum Stocks to Watch in May With +90% Target Price Potential
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Key Takeaways
D-Wave posted nearly 2,000% booking growth and ended Q1 2026 with $588.4M in cash.
QBTS average analyst price target implies 90.87% upside from the latest closing price.
Rigetti reported 198.9% revenue growth as Cepheus-1-108Q expanded across major platforms.
Despite months of volatility driven by elevated interest rates, tighter capital markets and concerns surrounding delayed commercialization timelines, pure-play quantum computing stocks are rapidly returning to investors’ radar in May 2026.
This favorable momentum is particularly notable because it is happening even as inflation remains elevated and macroeconomic uncertainty persists. U.S. consumer inflation accelerated to 3.8% in April 2026 from 3.3% in March, while core inflation climbed to 2.8%, according to the latest Bureau of Labor Statistics data. Energy prices remained a major inflationary driver amid geopolitical tensions and higher oil prices.
Despite this challenging backdrop, a major reason behind the renewed momentum is the improving risk appetite across the broader technology market. Massive AI infrastructure spending, resilient technology earnings and growing enthusiasm surrounding next-generation computing platforms are once again driving capital toward speculative innovation areas, including pure-play quantum stocks. Investors are increasingly focusing on long-term commercialization opportunities, strategic partnerships and expanding enterprise adoption rather than near-term profitability pressures.
Here we have picked two pure-play quantum computing players, D-Wave Quantum (QBTS - Free Report) and Rigetti Computing (RGTI - Free Report) , which are witnessing a significant increase in short-term price targets in May 2026, backed by accelerating commercial adoption trends, improving investor sentiment toward speculative spaces, expanding enterprise and government contracts and growing confidence in the long-term commercialization potential of quantum computing platforms.
2 Pure-Play Quantum Stocks With Over 90% Price Upside Targets
D-Wave: Investor sentiment toward D-Wave Quantum has strengthened considerably in recent weeks despite the company continuing to post losses and operate in a highly capital-intensive environment. This is being driven primarily by accelerating commercial traction and unprecedented booking growth. In its first-quarter 2026, D-Wave reported quarterly bookings representing nearly 2,000% year-over-year growth, even as revenues declined due to the absence of a large one-time system sale recorded in the prior-year quarter. The company also ended the quarter with cash and marketable securities totaling $588.4 million, significantly improving investor confidence regarding liquidity and long-term expansion capabilities.
Customer adoption is increasing across logistics, manufacturing, government and artificial intelligence optimization applications, where quantum annealing systems are already demonstrating practical commercial utility. The company also noted growing momentum in its gate-model quantum computing initiatives following the Quantum Circuits acquisition.
D-Wave currently carries an average brokerage recommendation (ABR) of 1.33 on a scale of 1 to 5, where 1 represents Strong Buy and 5 indicates Strong Sell. Notably, the current ABR has improved from 1.44 a month ago, reflecting strengthening analyst confidence.
Brokers Rating Breakdown-QBTS
Image Source: Zacks Investment Research
Based on short-term price targets offered by 13 analysts, the average price target of QBTS represents an increase of 90.87% from the last closing price of $19.06. The stock carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Rigetti: In its first-quarter 2026 results, Rigetti reported revenue growth of 198.9% year over year, driven primarily by on-premises Novera QPU deployments and related contracts. The company ended the quarter with a strong cash and investment position of $569 million and no debt, significantly strengthening investor confidence regarding its long-term funding runway.
The company noted the successful general availability launch of its 108-qubit Cepheus-1-108Q system across Rigetti QCS, Amazon Braket, Microsoft Azure Quantum and qBraid, calling it one of the most powerful generally available gate-based quantum computers in the industry. Investors are also encouraged by Rigetti’s expanding government, academic and commercial customer base.
Based on short-term price targets offered by 10 analysts, the average price target of RGTI represents an increase of 94.24% from the last closing price of $15.96.
Image Source: Zacks Investment Research
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2 Quantum Stocks to Watch in May With +90% Target Price Potential
Key Takeaways
Despite months of volatility driven by elevated interest rates, tighter capital markets and concerns surrounding delayed commercialization timelines, pure-play quantum computing stocks are rapidly returning to investors’ radar in May 2026.
This favorable momentum is particularly notable because it is happening even as inflation remains elevated and macroeconomic uncertainty persists. U.S. consumer inflation accelerated to 3.8% in April 2026 from 3.3% in March, while core inflation climbed to 2.8%, according to the latest Bureau of Labor Statistics data. Energy prices remained a major inflationary driver amid geopolitical tensions and higher oil prices.
Despite this challenging backdrop, a major reason behind the renewed momentum is the improving risk appetite across the broader technology market. Massive AI infrastructure spending, resilient technology earnings and growing enthusiasm surrounding next-generation computing platforms are once again driving capital toward speculative innovation areas, including pure-play quantum stocks. Investors are increasingly focusing on long-term commercialization opportunities, strategic partnerships and expanding enterprise adoption rather than near-term profitability pressures.
Here we have picked two pure-play quantum computing players, D-Wave Quantum (QBTS - Free Report) and Rigetti Computing (RGTI - Free Report) , which are witnessing a significant increase in short-term price targets in May 2026, backed by accelerating commercial adoption trends, improving investor sentiment toward speculative spaces, expanding enterprise and government contracts and growing confidence in the long-term commercialization potential of quantum computing platforms.
2 Pure-Play Quantum Stocks With Over 90% Price Upside Targets
D-Wave: Investor sentiment toward D-Wave Quantum has strengthened considerably in recent weeks despite the company continuing to post losses and operate in a highly capital-intensive environment. This is being driven primarily by accelerating commercial traction and unprecedented booking growth. In its first-quarter 2026, D-Wave reported quarterly bookings representing nearly 2,000% year-over-year growth, even as revenues declined due to the absence of a large one-time system sale recorded in the prior-year quarter. The company also ended the quarter with cash and marketable securities totaling $588.4 million, significantly improving investor confidence regarding liquidity and long-term expansion capabilities.
Customer adoption is increasing across logistics, manufacturing, government and artificial intelligence optimization applications, where quantum annealing systems are already demonstrating practical commercial utility. The company also noted growing momentum in its gate-model quantum computing initiatives following the Quantum Circuits acquisition.
D-Wave currently carries an average brokerage recommendation (ABR) of 1.33 on a scale of 1 to 5, where 1 represents Strong Buy and 5 indicates Strong Sell. Notably, the current ABR has improved from 1.44 a month ago, reflecting strengthening analyst confidence.
Brokers Rating Breakdown-QBTS
Image Source: Zacks Investment Research
Based on short-term price targets offered by 13 analysts, the average price target of QBTS represents an increase of 90.87% from the last closing price of $19.06. The stock carries a Zacks Rank #3 (Hold).
Image Source: Zacks Investment Research
Rigetti: In its first-quarter 2026 results, Rigetti reported revenue growth of 198.9% year over year, driven primarily by on-premises Novera QPU deployments and related contracts. The company ended the quarter with a strong cash and investment position of $569 million and no debt, significantly strengthening investor confidence regarding its long-term funding runway.
The company noted the successful general availability launch of its 108-qubit Cepheus-1-108Q system across Rigetti QCS, Amazon Braket, Microsoft Azure Quantum and qBraid, calling it one of the most powerful generally available gate-based quantum computers in the industry. Investors are also encouraged by Rigetti’s expanding government, academic and commercial customer base.
RGTI currently carries an ABR of 1.75. Notably, the current ABR compares with 1.69 a month ago. The stock carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Brokers Rating Breakdown-RGTI
Image Source: Zacks Investment Research
Based on short-term price targets offered by 10 analysts, the average price target of RGTI represents an increase of 94.24% from the last closing price of $15.96.
Image Source: Zacks Investment Research