On May 9, 2025, D-Wave Quantum (QBTS, Financial) experienced an optimistic shift in its stock outlook as Needham analyst Quinn Bolton maintained a "Buy" rating while significantly raising the price target. This decision reflects growing confidence in the company's potential growth and market performance.
The new price target for D-Wave Quantum (QBTS, Financial) is set at USD 13.00, up from the previous target of USD 8.50. This revision represents a substantial 52.94% increase, indicating a positive market sentiment and potential for future stock appreciation.
Investors are taking note of these developments regarding D-Wave Quantum (QBTS, Financial), as the raised price target suggests promising prospects and a reinforced belief in the company's strategic direction and operational capabilities. The maintained "Buy" rating continues to highlight the stock as a favorable investment opportunity.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for D-Wave Quantum Inc (QBTS, Financial) is $9.90 with a high estimate of $12.00 and a low estimate of $8.50. The average target implies an downside of 4.99% from the current price of $10.42. More detailed estimate data can be found on the D-Wave Quantum Inc (QBTS) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, D-Wave Quantum Inc's (QBTS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for D-Wave Quantum Inc (QBTS, Financial) in one year is $0.85, suggesting a downside of 91.84% from the current price of $10.42. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the D-Wave Quantum Inc (QBTS) Summary page.
