Mizuho raises QBTS target price to $35, quantum computing sector leads gains

Mizuho raised the target price for QBTS to $35 after the Investor Day, which was the direct trigger for this round of sector gains.

There are few individual stocks in quantum computing with small free floats; once one stock receives institutional endorsement, sentiment quickly spreads to similar targets like RGTI and IonQ, creating a linkage effect.

Two analysts had already raised their target prices in early June, and this event constitutes a continuous catalyst, with institutional attention continuing to heat up.