Key Highlights:
- D-Wave Quantum (QBTS, Financial) achieves significant revenue growth of over 507% year-over-year.
- Analysts forecast an average upside of 43.69% for QBTS.
- Current stock assessment indicates potential downside according to GF Value estimates.
D-Wave Quantum (QBTS) announced its first-quarter performance with a
GAAP EPS of -$0.02, surpassing market expectations by $0.03. The company made waves with an impressive surge in revenue, reaching $15 million, marking a substantial growth of over 507% compared to the same period last year. This revenue feat outperformed estimates by a notable $4.5 million. Additionally, D-Wave Quantum reported maintaining a strong liquidity position with $304.3 million in cash.Wall Street Analysts Forecast
Wall Street analysts offer insights into D-Wave Quantum Inc (QBTS, Financial) one-year price targets, presenting an average target price of $9.90. This range includes a high estimate of $12.00 and a low estimate of $8.50, suggesting a substantial upside potential of 43.69% from the current trading price of $6.89. Investors looking for detailed estimate data can access it on the D-Wave Quantum Inc (QBTS) Forecast page.
The consensus recommendation at present, based on evaluations from 5 brokerage firms, yields an average brokerage recommendation rating of 2.0 for D-Wave Quantum Inc (QBTS, Financial), translating to an "Outperform" status. The rating framework spans from 1 to 5, where 1 denotes a Strong Buy, and 5 translates to Sell.
According to GuruFocus estimates, the projected GF Value for D-Wave Quantum Inc (QBTS, Financial) over the next year is evaluated at $0.85, hinting at a potential downside of 87.66% from the existing price of $6.89. The GF Value represents GuruFocus' calculated fair value based on historical trading multiples, past business growth, and future performance estimates. Additional detailed data is available on the D-Wave Quantum Inc (QBTS) Summary page.
