Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.

Quantum computing has been receiving a lot of attention lately as a handful of companies compete to develop some of the most sophisticated computers on the planet. Investors looking to buy into a company that will likely play a huge part in quantum computing's future need to look no further than Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG).

Quantum computing has the potential to accelerate how companies and scientists process data, which could lead to more advanced artificial intelligence, better weather predictions, and medical breakthroughs.