Wedbush Cuts Price Targets for Three Quantum Computing Stocks

Wedbush lowered its price targets on three quantum-computing companies, setting IonQ at $50, Rigetti Computing at $25 and D-Wave Quantum at $30. The new targets compare with earlier levels of $75, $37 and $37, respectively.

Matt Bryson is a managing director in equity research at Wedbush and covers all three companies.

Separately, IonQ set terms on Oct. 14, 2026, for a $2 billion share and warrant offering. The package included 20.5 million shares priced at $40 each and pre-funded warrants for 29.5 million shares at the same price. Seven-year warrants covered 100 million additional shares, exercisable at $69.46.