Quantum computing firm D-Wave Quantum (QBTS) is drawing renewed attention on Wall Street following a strong Q1 2025 that delivered record revenue and capped a staggering 1,284% stock surge over the past year. Despite the sharp rise, The Street’s analysts remain bullish and are lifting their price targets.
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Top Analyst Feels Bullish
Roth MKM’s Sujeeva De Silva raised his target from $12 to $18 while keeping a Buy rating. De Silva ranks in the top 2% of over 9,600 analysts tracked by TipRanks, with a one-year average return of 26%. He points to growing demand for quantum computing in both AI and commercial sectors, with rising customer interest in D-Wave’s hosted services and hardware. De Silva sees recent hardware sales, including the first delivery of its Advantage system, as a sign of early traction. With the new Advantage 2 system now available, he expects deal discussions to accelerate.
B. Riley Securities five-star analyst Craig Ellis echoed that sentiment, bumping his price target from $13 to $20 and reaffirming a Buy rating. The 54% increase reflects greater confidence in D-Wave’s market outlook as it deepens its footprint in the quantum sector.
Another five-star analyst is Benchmark Co.’s David Williams, who also maintained a Buy rating with a $20 target. He highlighted D-Wave’s international progress, particularly a new agreement with Yonsei University and Incheon Metropolitan City in South Korea. Williams believes the move could open the door to future hardware sales and broader engagement in national quantum initiatives.
Is QBTS Stock a Buy?
According to the Street’s analysts, the answer is a resounding yes, with D-Wave boasting a Strong Buy rating. The average QBTS stock price target is $16.80, implying a 7.35% upside.
Still, the market seems focused on D-Wave’s traction in hardware sales and its potential role in AI acceleration. As quantum computing evolves, $QBTS remains a stock to watch—especially as analysts raise the bar on what could come next.