Latest news with #SujeevaDeSilva
Business Insider
08-08-2025
- Business
- Business Insider
Roth MKM Keeps Their Buy Rating on Netlist (NLST)
In a report released yesterday, Sujeeva De Silva from Roth MKM maintained a Buy rating on Netlist, with a price target of $2.00. The company's shares closed yesterday at $0.70. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, De Silva is a 5-star analyst with an average return of 27.6% and a 50.71% success rate. De Silva covers the Technology sector, focusing on stocks such as Aeva Technologies, D-Wave Quantum, and Advanced Micro Devices. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Netlist with a $2.00 average price target. Based on Netlist's latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $28.98 million and a GAAP net loss of $9.49 million. In comparison, last year the company earned a revenue of $35.81 million and had a GAAP net loss of $16.97 million
Business Insider
24-06-2025
- Business
- Business Insider
‘Constructive Signs' Ahead, Says Top Analyst about D-Wave Quantum Stock (QBTS)
Quantum computing company D-Wave Quantum (QBTS) is gaining attention again after 5-star analyst, Sujeeva De Silva of Roth MKM, reaffirmed his Buy rating on the stock, citing new signs of progress in the company's hardware business. He maintained his price target forecast of $18 per share, which suggests about 15% upside from current levels. With customers showing growing interest in the company's Advantage 2 system, De Silva believes D-Wave is now well-positioned to expand beyond core cloud quantum computing offerings, and start turning hardware demand into real sales. Confident Investing Starts Here: Analyst's Take on QBTS Stock The analyst emphasized that this shift toward hardware is a meaningful step for D-Wave. He believes growing traction for the Advantage 2 system shows that customers are beginning to see real-world value in the company's quantum technology. That, in turn, could help D-Wave move beyond its early-stage positioning and unlock new, higher-value revenue streams. South Korea Deal Shows Growing Hardware Interest One of the most encouraging signs is D-Wave's new deals in South Korea. The company is working with Yonsei University and the city of Incheon to explore how quantum computing can be used in fields like biotech and materials science. According to De Silva, Yonsei may be planning to purchase an Advantage 2 system. If that happens, it would be D-Wave's second major hardware deal—following an earlier sale to Julich in Germany, which brought in tens of millions in revenue. De Silva believes that a deal with Yonsei would show growing trust in D-Wave's new hardware and could help push other deals forward. Hardware Sales Could Bring in $20M+ Per Unit De Silva believes each Advantage 2 system could sell for $20 million or more. What stands out to him is the short gap of just six months between D-Wave's first hardware sale and this potential second one. Given this steady progress, he believes that other hardware deals in the pipeline could also move ahead soon. Price Still Looks High, But Growth Could Catch Up De Silva's $18 price target values the stock at about 100 times expected 2026 sales, which is much higher than the industry average of 12 times. Still, he thinks the high valuation could make sense if D-Wave keeps closing more hardware deals each year. Overall, he believes the company is making steady progress in both its cloud services and growing hardware business. Is D-Wave a Good Stock to Buy? D-Wave is currently covered by six Wall Street analysts, all of whom hold a bullish outlook. The stock carries a Strong Buy consensus rating with all six analysts assigning a Buy rating over the past three months. QBTS average price target of $16.80 suggests approximately 7.35% upside potential over the next twelve months.
Yahoo
23-06-2025
- Business
- Yahoo
Top Analyst Sees Surprising Hardware Upside for D-Wave Stock
D-Wave Quantum (NYSE:QBTS) gains steam as Roth MKM's Sujeeva De Silva reaffirms a Buy rating and an $18 price target, implying roughly 15 percent upside. De Silva points to accelerating traction in D-Wave's hardware businessmost notably the Advantage 2 quantum systemas the key catalyst. Warning! GuruFocus has detected 3 Warning Signs with QBTS. Revenue impact is still nascent, but the potential for $20 million-plus per unit in hardware sales marks a major leap from cloud-only offerings. D-Wave's first-ever hardware sale to Germany's Julich, valued in the tens of millions, came just six months ago; now a second deal with Yonsei University and the city of Incheon could close shortly. If Yonsei proceeds, it would signal growing enterprise confidence and unlock new, higher-value revenue streams beyond D-Wave's core cloud services. On valuation, De Silva's $18 target values QBTS at about 100 times projected 2026 saleswell above the industry average of 12 timesbut he argues the premium is justified if hardware deals accelerate. He highlights that customers' shift from experimental cloud trials to committed Advantage 2 purchases shows real-world value in D-Wave's quantum roadmap. De Silva also notes that expanding partnerships in biotech and materials science in South Korea underscore broader market interest. Why It Matters: Hardware sales could drive material revenue growth and help validate D-Wave's long-term quantum business model. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Insider
18-06-2025
- Business
- Business Insider
D-Wave Quantum Stock Scores a New Street-Hight Price Target
Quantum computing stock D-Wave Quantum (NYSE:QBTS) has been turning plenty of heads over the past year with its unique approach to quantum computing. Confident Investing Starts Here: Instead of relying on the traditional 'gate model' used by most quantum computers – which mimics classical logic systems – D-Wave employs quantum annealing, a method particularly suited for solving intricate optimization problems, such as streamlining logistics routes or improving industrial workflows. According to Roth's Sujeeva De Silva, an analyst ranked in the top 2% of Wall Street stock experts, D-Wave has seen an uptick in customer interest in recent months. He believes this growing engagement is expanding the company's revenue streams, not just from hosted services but also from direct hardware sales. 'We expect both commercial and AI-related customer interest to intensify in the coming quarters,' the 5-star analyst confidently said. That, De Silva argues, is being driven by a broader push among commercial and institutional players to ramp up their quantum initiatives in 2025. Given D-Wave's head start in real-world quantum deployments, the analyst sees the company as well-positioned to capitalize on this trend. Particularly notable is the interest coming from the AI sector, where quantum computing is increasingly seen as a tool to boost performance. De Silva highlights this crossover potential as a key growth vector for D-Wave. At the same time, hardware sales remain a critical piece of the story. While D-Wave has already booked initial Advantage system sales to its primary hardware customer, De Silva says talks around additional deals are 'picking up.' With the recent rollout of the more advanced Advantage2 system – now broadly available – the analyst expects those conversations to accelerate, potentially unlocking higher-margin hardware sales going forward. All of this underpins De Silva's upgraded price target on QBTS, from $12 to a Street-high $18, implying ~16% upside from current levels and reinforcing his Buy rating. While the valuation may seem rich, the analyst believes it will be easier to justify as annual hardware sales gain momentum. (To watch Desilva's track record, click here) All other analysts agree with that assessment; based on a total of 6 unanimous Buy recommendations, QBTS stock claims a Strong Buy consensus rating. However, the $14.20 average price target implies a ~9% drop from current levels. Given that discrepancy, keep an eye out for either upward price target adjustments or potential downgrades in the near future. (See QBTS stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
17-06-2025
- Business
- Business Insider
Why This Five-Star Analyst Hiked His Price Target on D-Wave Quantum Stock (QBTS)
Quantum computing stock D-Wave Quantum (QBTS) has seen its stock soar over the past year, thanks to a massive 1,174% rally. Despite this, five-star Roth MKM analyst Sujeeva De Silva hiked his price target on QBTS stock from $12 to $18 on Friday, while maintaining a Buy rating. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter It is worth noting that De Silva ranks 101 out of more than 9,621 analysts tracked by TipRanks and has a success rate of 51%, with an average return per rating of 26% over a one-year timeframe. Demand for Quantum Computing Is Gaining Traction According to De Silva, demand for quantum computing is gaining traction across both commercial and AI-related sectors, and D-Wave is well-placed to benefit from this trend. The analyst noted that customer interest has grown in recent months, especially in areas like hosted services and hardware sales, which could help expand the company's revenue base over time. He also pointed to the rising engagement from the AI space, where quantum computing is gaining attention as a tool to improve certain performance steps. As AI use cases become more complex, demand for D-Wave's offerings could grow. On the hardware front, the analyst said that D-Wave's first sale of its Advantage system to a key customer is a good early sign. He believes that the company could secure more hardware deals going forward, with future sales possibly coming at higher price points. With the new Advantage 2 system now officially launched, De Silva thinks that hardware talks could move more quickly toward actual deals. While De Silva admits the $18 price target reflects a 'significant multiple,' he believes that it is justified. If D-Wave is able to close several hardware deals each year, future revenue could better support the current valuation. As a result, in his view, D-Wave stands out as one of the most compelling players in the fast-growing world of quantum computing and AI. Is D-Wave a Good Stock to Buy? Overall, analysts have a Strong Buy consensus rating on QBTS stock based on six Buys assigned in the past three months, as indicated by the graphic below. Furthermore, the average QBTS price target of $14.20 per share implies 11.3% downside risk.
