Northland Rates IONQ Top Quantum Pick

Northland Capital Markets initiates coverage on quantum computing, citing a $88 billion industry valuation and AI-driven demand shift.
Analyst Nehal Chokshi rates IONQ (NYSE:IONQ) Outperform with a $55 price target, valuing it at $18 billion.
Photonic‑based Xanadu (NASDAQ:XNDU) and Quantum Computing Inc (NASDAQ:QUBT) also receive Outperform ratings with $43 and $20 targets respectively.
D‑Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI) are given Market Perform ratings, reflecting skepticism about their AI‑training roadmaps.