Quantum Computing: Ascendiant Capital Raises PT to $40 from $22 with Buy Rating

Quantum Computing: Ascendiant Capital Raises PT to $40 from $22 with Buy Rating

Quantum computing, once a theoretical curiosity, is rapidly gaining traction as a practical technology. The field has seen significant advancements in 2025, with major tech companies and startups making substantial progress towards real-world applications. Ascendant Capital has taken note of these developments, raising its price target for the sector to $40 from $22 and maintaining a buy rating Stocks to Gain From Quantum Computing in 2025: MSFT, IBM, QBTS, IONQ^[1].

Microsoft (MSFT) has been at the forefront of quantum computing developments this year. The company's Majorana 1 processor, a breakthrough topological-qubit processor, is poised to simplify qubit control and make very large qubit counts practical. Microsoft's focus on developer toolchains and collaborations suggests a strategy that combines hardware differentiation and cloud integration Stocks to Gain From Quantum Computing in 2025: MSFT, IBM, QBTS, IONQ^[1].

IBM (IBM) is pursuing a stepwise engineering route to fault-tolerant quantum computing. The company is building a new IBM Quantum Data Center and an explicit roadmap toward large-scale, fault-tolerant machines. IBM's current focus is on building industrial-scale, co-located classical–quantum platforms and ecosystems that enterprises and governments are likely to adopt first Stocks to Gain From Quantum Computing in 2025: MSFT, IBM, QBTS, IONQ^[1].

D-Wave (QBTS) is emphasizing commercial traction and revenue growth. The company reported stronger year-over-year revenue and rising cash balances in its last-reported second-quarter 2025 result. D-Wave is also promoting product updates targeting hybrid workflows and user conferences, indicating a focus on commercial channels where enterprises can deploy quantum-enhanced workflows today Stocks to Gain From Quantum Computing in 2025: MSFT, IBM, QBTS, IONQ^[1].

IonQ (IONQ) has been making strong performance milestones and strategic technological advancements. The company recently announced new AQ performance milestones and a quantum-Internet related advance converting trapped-ion photon emissions into telecom-band photons. These developments highlight IonQ's focus on performance leadership and ecosystem expansion Stocks to Gain From Quantum Computing in 2025: MSFT, IBM, QBTS, IONQ^[1].

PsiQuantum, a key player in the quantum computing industry, broke ground on America's largest quantum computing project in Chicago. The company will build and deploy an intermediate-scale test system and America's first million-qubit scale, fault-tolerant quantum computer at the Illinois Quantum and Microelectronics Park (IQMP). This project underscores the growing momentum and investment in quantum computing PsiQuantum Breaks Ground on America’s Largest Quantum Computing Project in Chicago^[2].

Ascendant Capital's revised price target and buy rating reflect the growing commercialization of quantum computing and the potential for significant growth in the sector. As the technology continues to advance, investors should closely monitor the progress of key players and the broader industry trends.