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Globe and Mail
13-03-2025
- Business
- Globe and Mail
D-Wave Claims It Has Achieved Quantum Supremacy. Should You Buy QBTS Stock Now?
D-Wave Quantum (QBTS) has rallied more than 25% over the past five trading days after the company said it achieved a coveted industry landmark of 'quantum supremacy.' What it essentially means is that the company's quantum computer can now solve certain problems that can't be deciphered with a conventional computer. 'This, in some sense, is the holy grain for quantum computing,' according to D-Wave Quantum CEO Alan Baratz. QBTS shares are now up more than 75% versus their year-to-date low. Is It Too Late to Invest in D-Wave Stock? Despite a sharp increase in the D-Wave stock price in recent sessions, it's reasonable to believe that it will rise further this year, given that quantum computing is emerging as the hottest tech trend in 2025. In fact, QBTS shares could print a new high of $11 by early next year as the Canadian firm is a 'differentiated tile in the quantum mosaic,' argued Craig Ellis, a B. Riley analyst in a recent note. Ellis remains bullish on the quantum computing stock as it has a clear path to commercial adoption. Additionally, the NYSE-listed firm has made remarkable progress in improving its balance sheet, he added. Note that estimates more broadly are for accelerated innovation in quantum computing technology to add as much as $1 trillion to the global economy by 2035. QBTS Expects a Sharp Beat on Revenue in Q1 D-Wave stock may be worth owning at current levels for the strength of its financial as well. The quantum computing pure-play saw its revenue come in at a better-than-expected $2.3 million in Q4. More importantly, the company ended the quarter with bookings up a remarkable 502% on a year-over-year basis, indicating continued momentum moving forward. QBTS now expect its revenue to exceed $10 million in the current quarter following the sale of its Advantage quantum computer to Germany's Jülich Supercomputing Centre (JSC). Analysts previously expected the company to report just $2.55 million in revenue for Q1. What Wall Street Expects from QBTS Shares in 2025 D-Wave's recent milestone, its strong financials, and path to commercial adoption is keeping Wall Street bullish on QBTS stock at large. The consensus rating on D-Wave shares currently sits at 'Strong Buy' with the mean target of $7.67 indicating potential upside of another 15% from current levels.
Globe and Mail
12-03-2025
- Business
- Globe and Mail
D-Wave Quantum (QBTS) Is About to Report Q4 Earnings Tomorrow. Here's What to Expect
D-Wave Quantum (QBTS) is scheduled to announce its results for the fourth quarter of 2024 on Thursday, March 13. The company develops quantum computing systems, software, and services. QBTS stock has rallied more than 192% over the past year but is down 36% year to date due to the rising competition in the quantum computing space and macro uncertainties. Analysts expect D-Wave Quantum to report an adjusted loss per share of $0.06 in Q4 2024 on revenue of $2.23 million. Optimize Your Investment Research with Spark Effectively assess a stock's risks and opportunities with a clear breakdown of its positive and negative factors. Uncover insightful assessments of a stock's market performance and potential with a comprehensive competitor analysis . In comparison, the company reported an adjusted loss per share of $0.06 on revenue of $2.9 million in the prior-year quarter. While D-Wave's bookings declined 22% in Q3 2024, the company said that it expects fourth-quarter bookings to improve on a sequential basis. D-Wave Quantum claims to be the world's first commercial supplier of quantum computers and the only company that builds both annealing and gate-model quantum computers. Analysts' Views Ahead of D-Wave Quantum's Q4 Earnings Analysts are upbeat about D-Wave Quantum's prospects due to the growing interest in the quantum computing space. Recently, B. Riley analyst Craig Ellis increased the price target for QBTS stock to $11 from $9 and reiterated a Buy rating. The five-star analyst believes that the addition of Microsoft's (MSFT) 'Quantum Ready' program to the Azure Quantum platform and the tech giant's belief that 2025 will be 'the year to become quantum-ready' could be potentially significant for the sentiment on the quantum computing sector. Further, on Monday, Craig-Hallum analyst Richard Shannon reiterated a Buy rating on QBTS stock, reflecting his confidence in the company's growth prospects. Options Traders Anticipate Major Move on QBTS' Q4 Earnings Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you. Indeed, it currently says that options traders are expecting about 15.4% move in either direction in reaction to D-Wave Quantum's Q4 2024 results. Is QBTS Stock a Buy, Sell, or Hold? Wall Street has a Strong Buy consensus rating on D-Wave Quantum stock based on five unanimous Buys. The average QBTS stock price target of $8.63 implies 60.4% upside potential. See more QBTS analyst ratings Disclosure
