Key Highlights:
- D-Wave Quantum (QBTS, Financial) sees a significant stock price increase of up to 19% following its release of the cutting-edge Advantage2 quantum computing system.
- Wall Street analysts provide a varied outlook, with an average price target of $12.60, indicating a potential downside from the current trading price.
- GuruFocus suggests a substantial potential downside based on the GF Value compared to the current stock price.
Shares of D-Wave Quantum (QBTS) have experienced a remarkable surge, climbing up to 19% after unveiling their most advanced quantum computing system to date, the Advantage2. This sixth-generation innovation, with its impressive capacity of over 4,400 qubits, is set to address complex problems that classical computing struggles with, thereby broadening D-Wave's reach in the quantum cloud service market.
Insights From Wall Street Analysts
According to projections from five analysts, the average price target for D-Wave Quantum Inc (QBTS, Financial) stands at $12.60. This target comes with a high of $13.00 and a low of $12.00. These figures collectively hint at a potential downside of 24.48% from the present price of $16.69. For investors seeking detailed estimate data, it is readily available on the D-Wave Quantum Inc (QBTS) Forecast page.
The collective insights from five brokerage firms set D-Wave Quantum Inc (QBTS, Financial) at an average brokerage recommendation of 2.0, positioning it in the "Outperform" category. The rating system ranges from 1 to 5, where 1 denotes a Strong Buy, and 5 signals a Sell.
Understanding the Estimated GF Value
When examining GuruFocus estimates, the projected GF Value for D-Wave Quantum Inc (QBTS, Financial) in one year is calculated to be $2.25. This suggests a significant downside of 86.51% from the current trading value of $16.685. The GF Value represents GuruFocus' assessment of the stock's fair market value, derived from historical trading multiples, past business growth rates, and future business performance estimates. For investors wishing to delve deeper, more detailed data can be accessed on the D-Wave Quantum Inc (QBTS) Summary page.
