Key Highlights:
- D-Wave Quantum (QBTS, Financial) stock surged over 50% after unveiling its Advantage2 quantum computing system.
- Analysts set a one-year price target range of $12.00 to $13.00, signaling a potential 32.98% downside.
- Current average brokerage recommendation suggests an "Outperform" rating for QBTS.
D-Wave Quantum (QBTS) is making waves in the stock market with its recent announcement of the Advantage2 quantum computing system. The stock has skyrocketed, experiencing a remarkable 50% increase in the past week and a 124% surge year-to-date. D-Wave Quantum distinguishes itself from industry giants like IBM and Google by utilizing the innovative quantum annealing approach, as opposed to the conventional gate-based systems.
Wall Street Analysts Forecast
According to five expert analysts, the projected one-year price target for D-Wave Quantum Inc (QBTS, Financial) averages at $12.60, with a high estimate of $13.00 and a low estimate of $12.00. This average target points towards a substantial 32.98% downside from the current trading price of $18.80. Investors seeking more comprehensive forecast details can explore the D-Wave Quantum Inc (QBTS) Forecast page.
The stock's brokerage recommendations, aggregated from five firms, yield an average rating of 2.0, reflecting an "Outperform" status. This rating is on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
Moreover, GuruFocus estimates place the GF Value for D-Wave Quantum Inc (QBTS, Financial) at $2.25 in the upcoming year. This suggests a significant 88.03% potential decline from its current market price of $18.80. The GF Value is GuruFocus' calculated fair value, derived from historical trading multiples, past business growth, and anticipated future performance. For more in-depth information, visit the D-Wave Quantum Inc (QBTS) Summary page.
