Why IonQ, D-Wave and Rigetti Stocks Are Falling After Mizuho Cut Price Targets
Shares of IonQ, D-Wave Quantum, and Rigetti Computing fell Wednesday after Mizuho analyst Vijay Rakesh cut price targets on all three, citing a sector reset following Nvidia’s GTC conference. New targets are $61 for IonQ, $31 for D-Wave, and $33 for Rigetti. D-Wave reported $884.5 million in cash at 2025 year-end and record 2026 bookings. IonQ forecast 2026 revenue of $225 million to $245 million.