10 Best Quantum Computing Stocks to Buy According to Analysts

7. FormFactor, Inc. (NASDAQ:FORM)

Median Upside Potential: 37.02% 

Number of Analysts: 8

Insider Monkey Weighted Score: 19.6

FormFactor, Inc. (NASDAQ:FORM) is a Cali-based company that designs performance-enhancement products for chip companies, in addition to testing and measurement systems for integrated circuits. Quantum computers require temperatures approaching absolute zero to allow qubit coherence. This is the market that the company operates in when it comes to quantum computing. It provides cryogenic environment systems, with products including sub-10 mK dilution refrigerators, and sub-100 mK cryostats, among others.

Based on the forecast of 8 analysts, the 12-month median upside for FormFactor, Inc. (NASDAQ:FORM) is 37%. Bear in mind though, that FORM is not a pure-play quantum computing stock, so its risk profile is not as high. However, since it does provide significant exposure to the industry through its sales of cryogenic systems so its well-positioned to benefit from growth in the industry without exposing itself fully to the risk.

As of Q2, 2024, 29 hedge funds from among the ones tracked by Insider Monkey held positions in FORM, an increase of 9 from Q1.