
QBTS Stock Forecast & Price Target
QBTS Analyst Ratings
Bulls say
D-Wave Quantum Inc. has demonstrated a positive financial outlook characterized by a 93.6% gross margin, an improvement from 73% QoQ, primarily driven by margin-accretive sales of full systems. The company reported a strong start to the fourth quarter with $12 million already booked, suggesting increased demand despite a modest year-over-year booking growth of 4%. Furthermore, upward revisions in revenue and adjusted EBITDA estimates for 2025 and 2026 indicate a confident financial trajectory, bolstered by continued investments in R&D and a robust go-to-market strategy.
Bears say
D-Wave Quantum Inc. has experienced a 12% year-over-year decline in its QCaaS revenue, indicating challenges in sustaining revenue growth amidst market volatility and competitive pressures. The ongoing development of gate-model technology faces potential delays, which may adversely affect the company's competitive positioning and its ability to expand revenue sources beyond annealing-based systems. Additionally, the overall uncertainty surrounding the quantum computing industry, coupled with the risk of technology underperformance and deployment setbacks, poses significant threats to D-Wave's revenue generation and future profitability.
This aggregate rating is based on analysts' research of D-Wave Quantum Inc and is not a guaranteed prediction by Public.com or investment advice.
QBTS Analyst Forecast & Price Prediction
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