--- title: "Unlock Generous Growth With These 3 Top Quantum Computing Stocks" description: "The global quantum computing market is projected to reach a valuation of $4.24 billion by 2030, with a compound annual growth rate of 19.6%. Honeywell, IonQ, and Rigetti Computing are highlighted as t" type: "news" locale: "en" url: "https://longbridge.com/en/news/206254573.md" published_at: "2024-06-13T18:41:13.000Z" --- # Unlock Generous Growth With These 3 Top Quantum Computing Stocks > The global quantum computing market is projected to reach a valuation of $4.24 billion by 2030, with a compound annual growth rate of 19.6%. Honeywell, IonQ, and Rigetti Computing are highlighted as top quantum computing stocks. While Honeywell is an industrial conglomerate with relevance to quantum computing, IonQ and Rigetti Computing specialize in the development of quantum computing systems. These stocks are considered high-risk investments but have potential for significant upside. While the technology offers myriad innovations, investors ought to earmark the top quantum computing stocks for the speculative long-term section of their portfolio. Fundamentally, it all comes down to the projected relevance. According to Grand View Research, the global quantum computing market size reached a valuation of $1.05 billion in 2022. Experts project that the sector could expand at a compound annual growth rate (CAGR) of 19.6% from 2023 to 2030. At the culmination of the forecast period, the segment could print revenue of $4.24 billion. Better yet, we might be in the early stages. Per McKinsey & Company, quantum technology itself could lead to value creation worth trillions of dollars. Essentially, quantum computers represent a paradigm shift from the classical approach. These devices can generate myriad functions simultaneously, leading to explosive growth in productivity. Granted, with every pioneering space comes high risks. If you’re willing to accept the heat, these are the top quantum computing stocks to consider. ## Honeywell (HON) Source: Boykov / Shutterstock.com To be sure, **Honeywell** (NASDAQ:**HON**) isn’t exactly what you would call a direct player among top quantum computing stocks. Rather, the company is an industrial and applied sciences conglomerate, featuring acumen across myriad disciplines. However, Honeywell is very much relevant to the advanced computing world thanks to its investment in Quantinuum. Earlier this year, Honeywell’s quantum computing enterprise reached a valuation of $5 billion following a $300 million equity funding round, per *Reuters*. Notably, **JPMorgan Chase** (NYSE:**JPM**) helped anchor the investment. According to the news agency, “\[c\] ompanies are exploring ways to develop and scale quantum capabilities to solve complex problems such as designing and manufacturing hydrogen cell batteries for transportation.” Honeywell could play a big role in the applied capabilities of quantum computing, making it a worthwhile long-term investment. To be fair, it’s not the most exciting play in the world. Analysts rate shares a consensus moderate buy but with an average price target of $229.21. That implies about 10% upside. Still, Honeywell isn’t likely to implode either. As you build your portfolio of top quantum computing stocks, it may pay to have a reliable anchor like HON. ## IonQ (IONQ) Source: Amin Van / Shutterstock.com Getting into the more exciting plays among top quantum computing stocks, we have **IonQ** (NYSE:**IONQ**). Based in College Park, Maryland, IonQ mainly falls under the computer hardware space. Per its public profile, the company engages in the development of general-purpose quantum computing systems. Business-wise, IonQ sells access to quantum computers of various qubit capacities. Analysts are quite optimistic about IONQ stock, rating shares a consensus strong buy. Further, the average price target comes in at $16.63, implying over 109% upside potential. That’s not all – the most optimistic target calls for a price per share of $21. If so, we would be talking about a return of over 164%. Of course, with a relatively modest market capitalization of $1.68 billion, IONQ is a high-risk entity. Even with the concerns, including an expansion of red ink for fiscal 2024, covering experts believe the growth narrative could overcome the anxieties. In particular, they’re targeting revenue of $39.47 million, implying 79.1% upside from last year’s print of $22.04 million. What’s more, fiscal 2025 sales could see a gargantuan leap to $82.38 million. It’s one of the top quantum computing stocks to keep on your radar. ## Rigetti Computing (RGTI) Source: Shutterstock Headquartered in Berkeley, California, **Rigetti Computing** (NASDAQ:**RGTI**) through its subsidiaries builds quantum computers and superconducting quantum processors. In particular, Rigetti offers a cloud-based solution under a quantum processing umbrella. It also sells access to its groundbreaking computers through a business model called Quantum Computing as a Service. While intriguing, RGTI stock is high risk. The reality is that the enterprise features a market cap of a little over $175 million. That translates to a per-share price of two pennies over a buck. With such a diminutive profile, anything can happen. Still, it’s tempting because analysts rate shares a unanimous strong buy. Also, the average price target lands at $3, implying over 194% upside potential. What’s even more enticing are the financial projections. Covering experts believe that Rigetti will post a loss per share of 41 cents. That’s an improvement over last year’s loss of 57 cents. Further, revenue could hit $15.3 million, up 27.4% from the prior year. And in fiscal 2025, sales could soar to $28.89 million, up nearly 89% from projected 2024 revenue. If you can handle the heat, RGTI is one of the top quantum computing stocks to consider. *On the date of publication, Josh Enomoto* *did not have (either directly or indirectly) any positions in the securities mentioned in this article.* *The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com* *Publishing Guidelines**.* A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia. Quantum Computing, Technology Growth Stocks ### Related Stocks - [RGTI.US - Rigetti Computing](https://longbridge.com/en/quote/RGTI.US.md) - [IONQ.US - IonQ](https://longbridge.com/en/quote/IONQ.US.md) - [QUBT.US - Quantum Computing](https://longbridge.com/en/quote/QUBT.US.md) - [HON.US - Honeywell](https://longbridge.com/en/quote/HON.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 亚马逊年度营收首超沃尔玛，零售双雄加码 AI 竞赛 | 亚马逊取代沃尔玛，成为年营收最高的公司。沃尔玛周四公布，其最近一个财年的年度营收为 7132 亿美元，这略低于亚马逊的 7169 亿美元。两家公司在人工智能领域采取了不同的策略：亚马逊大幅加大了对人工智能的投资，而沃尔玛则更依赖技术合作伙伴 | [Link](https://longbridge.com/en/news/276384959.md) | | 阿彻丹尼尔斯米德兰｜10-K：2025 财年营收 803 亿美元不及预期 | | [Link](https://longbridge.com/en/news/276167327.md) | | 霍尼韦尔国际首席执行官表示：第一季度业绩符合指引，随着航空航天和建筑业务的增长，公司拆分即将到来 | 霍尼韦尔国际的首席执行官维马尔·卡普尔报告称，公司第一季度的业绩符合指导预期，得益于航空航天和建筑自动化领域的强劲需求。尽管工业需求存在差异，特别是在北美和欧洲，液化天然气和炼油领域的长期项目却蓬勃发展。公司正在为拆分成三个实体做准备，专注 | [Link](https://longbridge.com/en/news/276338414.md) | | 迪尔公司在全球大型农业行业中继续面临挑战 | 迪尔公司：全球大型农业行业继续面临挑战。迪尔公司 2026 财年资本支出展望约为 14 亿美元 - 演示文稿 | [Link](https://longbridge.com/en/news/276327547.md) | | 欧尼克公司是正在获得市场支持还是正在失去市场支持？ | ONEOK Inc 的空头头寸增加了 24.1%，目前有 2878 万股被卖空，占可用股份的 5.15%。覆盖这些空头头寸大约需要 5.37 天。空头头寸的增加通常表明市场情绪偏向看跌。与同行相比，ONEOK 的空头头寸较高，类似公司的平均 | [Link](https://longbridge.com/en/news/276467280.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.