- D-Wave Quantum Inc. completes setup of Advantage2 quantum system for U.S. Department of Defense.
- Analysts project a potential 31.47% upside with a one-year price target of $9.90.
- GuruFocus indicates a potential 88.58% downside based on GF Value estimates.
D-Wave Quantum Inc. (QBTS, Financial) has successfully completed the installation of its cutting-edge Advantage2 quantum system at Davidson Technologies in Huntsville, Alabama. This critical step, now ready for final testing, aims to boost secure quantum computing capabilities for the U.S. Department of Defense, focusing primarily on advanced optimization and coordination tasks.
Wall Street Analysts Forecast
According to projections from five analysts, the average one-year target price for D-Wave Quantum Inc. (QBTS, Financial) stands at $9.90, with estimates ranging from a high of $12.00 to a low of $8.50. This average target suggests a potential upside of 31.47% from its current trading price of $7.53. For more detailed forecasts, visit the D-Wave Quantum Inc (QBTS) Forecast page.
Analyst consensus from five brokerage firms currently places D-Wave Quantum Inc.'s (QBTS, Financial) average recommendation at 2.0, indicating an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 is a Strong Buy and 5 indicates a Sell.
GuruFocus Estimates
According to GuruFocus estimates, the projected GF Value for D-Wave Quantum Inc. (QBTS, Financial) in the coming year is $0.86. This estimate suggests a potential downside of 88.58% from the current price of $7.53. The GF Value is derived from historical trading multiples, previous business growth, and future performance projections. For more insights, refer to the D-Wave Quantum Inc. (QBTS) Summary page.
