D-Wave Quantum, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Quinn Bolton from Needham reiterated a Buy rating on the stock and has a $40.00 price target.
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High conviction QBTS bulls now have this Tradr ETFQuinn Bolton has given his Buy rating due to a combination of factors that highlight D-Wave Quantum’s strengthening business prospects despite near-term revenue coming in below expectations. He points to the company’s plan to launch a 17-qubit gate-based system by year-end 2026, which management believes can achieve logical qubits, and notes that early customer interest is robust for both on-premise deployments and quantum-computing-as-a-service offerings.
He also underscores that D-Wave’s system sales pipeline is expanding, with management now anticipating 2–3 system sales per year instead of just one, and expects revenue to be skewed toward the second half of 2026 as systems are delivered. Anchored by a discounted cash flow valuation that supports the company’s long-term upside, Bolton maintains his Buy rating and keeps his price target unchanged at $40.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $45.00 price target.