Summary:
- D-Wave Quantum (QBTS, Financial) shares jumped over 20% following impressive quarterly earnings.
- Revenue surge over 500% year-over-year, hitting record highs in revenue and gross profit.
- Analysts set a price target of $9.90, with a 43.69% upside from the current price.
D-Wave Quantum (QBTS) shares experienced a remarkable surge, climbing more than 20% in premarket trading. This notable increase follows the disclosure of its quarterly earnings, which not only exceeded market expectations but also highlighted a phenomenal revenue jump exceeding 500% from the previous year. This achievement represents a record-setting quarter for D-Wave Quantum, showcasing both unprecedented revenue and gross profit figures.
Wall Street Analysts' Perspective
According to one-year projections from five distinguished analysts, the average price target for D-Wave Quantum Inc (QBTS, Financial) has been set at $9.90. Expectations range from a high of $12.00 to a low of $8.50. This average target price suggests a potential upside of 43.69% from the current trading price of $6.89. For those interested in a deeper dive into these projections, further details are available on the D-Wave Quantum Inc (QBTS) Forecast page.
Furthermore, insights from five brokerage firms convey a consensus recommendation of 2.0 for D-Wave Quantum Inc (QBTS, Financial), classifying it as an "Outperform" stock. This recommendation is derived from a rating scale where 1 indicates a Strong Buy and 5 suggests a Sell stance.
GuruFocus Proprietary Metrics
Looking through the lens of GuruFocus metrics, the estimated GF Value for D-Wave Quantum Inc (QBTS, Financial) in the upcoming year stands at $0.85. This estimation signals a potential downside of 87.66% from the current stock price of $6.89. The GF Value is a unique metric calculated by assessing the stock's historical trading multiples, coupled with past business growth and future performance expectations. Investors seeking more comprehensive data can access it on the D-Wave Quantum Inc (QBTS) Summary page.
