In a recent development, B. Riley Securities, under the guidance of analyst Craig Ellis, has maintained a 'Buy' rating for D-Wave Quantum (QBTS, Financial). The firm has also raised its price target for the stock from $13.00 to $20.00. This adjustment signifies a 53.85% increase from the prior target.
The change reflects B. Riley Securities' increased confidence in D-Wave Quantum's (QBTS, Financial) market potential. The firm's decision to uphold the 'Buy' rating further emphasizes their positive outlook on the company's future performance.
The updated price target comes amidst a series of strategic moves by D-Wave Quantum (QBTS, Financial) as it continues to operate in the rapidly evolving quantum computing sector. Investors are likely to closely monitor the stock's movements following this announcement.
As of June 18, 2025, investors are advised to consider this revised target when evaluating their portfolios in relation to D-Wave Quantum (QBTS, Financial) stock.
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 $15.20 with a high estimate of $20.00 and a low estimate of $12.00. The average target implies an downside of 4.89% from the current price of $15.98. 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 $2.45, suggesting a downside of 84.67% from the current price of $15.9812. 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.
