Why Quantum Computing Stock Keeps Soaring to New Heights

Quantum stocks defy gravity—again. The sector's relentless climb leaves traditional investors scratching their heads while early adopters count their qubits.

The Hardware Breakthrough

Quantum processors hit new stability thresholds—coherence times that actually matter for real-world applications. That's not lab-talk; that's commercial-ready tech hitting production lines.

The Software Stack Catches Up

Development kits finally deliver on quantum's promise—coding for qubits without needing a physics PhD. Mainstream programmers now build quantum-native applications.

Enterprise Adoption Accelerates

Fortune 500 companies aren't just experimenting anymore—they're budgeting quantum solutions into next year's operational costs. Pharma, logistics, and finance lead the charge.

Government Money Floods In

National security concerns turbocharge public funding. Quantum gets labeled 'critical infrastructure'—meaning blank checks and fast-tracked approvals.

Short Sellers Get Burned

The 'overvalued' narrative collapses under quarterly earnings. Bears retreat while institutional money piles in—proving once again that Wall Street's crystal ball needs recalibration.

Quantum computing isn't coming—it's already here. And while traditional finance still debates 'if,' the smart money moved on to 'how much higher.' Sometimes the market does know something the analysts missed.

Image source: Getty Images.

What Lake Street says about Quantum Computing

In a note released yesterday -- which may not have gotten all the attention it deserved, seeing that Quantum Computing stock gained only 3.6% yesterday -- Lake Street analyst Maxwell Michaelis initiated coverage with a buy rating and a price target of $24, reports StreetInsider.com.

Although admitting that "quantum computing is still in its early stages," Michaelis calls Quantum Computing stock "a compelling way to participate in the rapidly growing market," and argues Quantum Computing Inc. has a "first-mover advantage" and "a long runway for growth."

Is Quantum Computing stock a buy?

It shouldn't take too long to figure out if Michaelis is right about that. The analyst hinges his buy recommendation on a prediction that Quantum Computing's revenue will rise dramatically in 2026 and 2027, and any such surge in revenue should be very easy to spot.

Because so far, Quantum Computing has almost no revenue at all. In all of last year, the company collected just $373,000 in revenue (yes, thousand). It's collected only $100,000 so far this year, too, so revenue right now looks set to fall by half in 2025. To me, this makes Quantum Computing stock look more like a sell than a buy, and I worry its recent stock gains are driven more by traders chasing momentum than by long-term investors.

But tune in again 12 months from now, and we'll see who was right.