UBS Keeps Their Hold Rating on Rio Tinto Limited (RTNTF)
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According to TipRanks, Shaw is a 2-star analyst with an average return of 0.2% and a 51.91% success rate. Shaw covers the Basic Materials sector, focusing on stocks such as Mineral Resources Limited, Fortescue Metals Group Ltd, and Rio Tinto Limited.
Currently, the analyst consensus on Rio Tinto Limited is a Moderate Buy with an average price target of $77.67, a 7.49% upside from current levels. In a report released on July 2, Jefferies also maintained a Hold rating on the stock with a A$108.00 price target.
RTNTF market cap is currently $99.07B and has a P/E ratio of 10.29.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RTNTF in relation to earlier this year.
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Most historians date the start of the Industrial Revolution to around 1770. Almost 150 years later, in 1913, Henry Ford introduced the assembly line to the factory floor, and some 75 years after that, the widespread use of PCs and networking brought us the internet and digital age. And now we're looking at the advent of quantum computing, which promises to bring dramatically expanded computational power. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Right now, we're on the cusp of the transition between traditional computing and quantum computing. Quantum computers make use of the principles of quantum mechanics and subatomic superpositioning to tackle far more complex problems than traditional digital machines, and to do so far more quickly. 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It is our view that the quantum computing market is setup to be a multiple winner market and not a winner takes all market. We have a high level of confidence that IonQ is well positioned to take its place among the winners, and unlike some early stage competitors, IonQ will be exiting 2025 with annualized revenues in excess of $100M, nearly doubling in 2026, and could well be on track for $1B in revenue over the next few years. We believe executing on the product roadmap, developing a quantum ecosystem to capture value in the nascent quantum networking, and increasing partnerships/system sales will drive stock price appreciation.' The analyst goes on to rate IONQ shares as a Buy, and his $70 price target points toward a one-year gain of 73%. (To watch Garrigan's track record, click here) The 7 recent analyst reviews of IonQ include 6 Buys to 1 Hold, for a Strong Buy consensus rating. The stock has a current trading price of $40.53 and its $47.50 average price target suggests that it will appreciate by 17% in the year ahead. (See IONQ stock forecast) D-Wave Quantum (QBTS) The next quantum stock we'll look at is D-Wave, one of the leading companies in the quantum computing sector. D-Wave, whose Palo Alto headquarters are in the heart of Silicon Valley, has been in business since 1999, developing quantum computing from both the hardware and software sides. More importantly, the company is also working on cloud services and app development tools – the very tools and services that will be needed to fully integrate quantum computing into the structure of today's digital world. D-Wave is one of the early entrants into the quantum computing world, and boasts that it was the first company to bring working quantum computers to the market. Currently, D-Wave has several quantum systems available, through the cloud or through 'on-premises' installations. The company claims that its quantum systems have achieved 99.9% availability, an important reliability milestone. Looking ahead, D-Wave has recently released its latest quantum computing system, the advanced Advantage2. This is an annealing quantum computer, designed to optimize problem-solving by locating the lowest energy state of a quantum system. This lower-power approach brings advantages in efficiency and cost of operations, while maintaining the high speed and capabilities inherent in quantum computing. Advantage2 is a sixth-generation quantum computer, and has proven that it can solve complex problems that are far beyond the abilities of even the best 'classical' supercomputers. The system is built to commercial-grade standards, and is intended to meet the needs of real-world customers, such as AI providers. 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D-Wave has deep pockets, and closed out Q1 with a cash balance of $304.3 million on hand. When we check in again with Rosenblatt's Garrigan, we find the analyst upbeat on D-Wave, seeing plenty of opportunities for the firm over the coming years. He writes, 'We believe D-Wave offers a differentiated way to gain exposure to the rapidly growing quantum computing market. It is our view that quantum annealing, a subsector of quantum computing, offers advantages over both classical computing and gate-based quantum systems for optimization workloads. We have a high level of confidence that D-Wave will capture significant market share in the quantum annealing market leading to D-Wave revenues growing at a +66% CAGR from 2025-2030. We believe continued demonstration of quantum supremacy, growing the commercial customer base, and executing on the dual-track product road map will drive stock price appreciation in the long-term.' Once again, Garrigan rates an upwardly mobile quantum computing stock as a Buy, backing that with a $30 price target implying a one-year upside potential of 70%. This is another quantum stock that has earned a Strong Buy consensus rating, this one based on 9 unanimously positive analyst reviews. The shares are priced at $17.67 and their $19.50 average target price suggests an upside of 10% on the one-year horizon. (See QBTS stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue
