On July 2, 2025, Cantor Fitzgerald initiated coverage on D-Wave Quantum, ticker symbol (QBTS, Financial). The announcement by analyst Troy Jensen highlights the firm’s positive outlook on the company.
The analyst has assigned an "Overweight" rating to (QBTS, Financial), signaling confidence in the stock's potential to outperform peers. Alongside this rating, Cantor Fitzgerald has set a price target of 20.00 USD for D-Wave Quantum.
This strategic move by Cantor Fitzgerald underscores an optimistic perspective on D-Wave Quantum's future performance in the quantum computing sector. Investors in (QBTS, Financial) may find this new coverage and the "Overweight" rating notable as they assess their investment strategies.
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 upside of 2.56% from the current price of $14.82. 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 $2.54, suggesting a downside of 82.86% from the current price of $14.82. 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.
