D-Wave Quantum Signs $10M Agreement with Fortune 100 Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
D-Wave Quantum announced a $10M two-year enterprise quantum computing as a service agreement with a "leading Fortune 100 company." Under the agreement, the companies plan to collaborate to develop and deploy several quantum-powered applications, the company said in a statement. "This agreement marks a significant milestone in D-Wave's annealing quantum computing enterprise adoption and impact," said Alan Baratz, CEO of D-Wave. "No other company in the world has production-grade quantum technology in the market today, and this agreement is inarguably one of the most significant endorsements of how our solutions stand to benefit the world's leading companies."
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Analyst Views on QBTS
Wall Street analysts forecast QBTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is 40.67 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.970
Low
35.00
Averages
40.67
High
48.00
Current: 24.970
Low
35.00
Averages
40.67
High
48.00
About QBTS
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Wedbush Raises D-Wave Quantum Price Target to $40 Amid New Agreements
- Price Target Increase: Wedbush raised D-Wave Quantum's price target from $35 to $40, reflecting a series of agreements expected to generate approximately $30 million in incremental revenue, indicating strong market confidence in the company's growth potential.
- Key Agreement Signed: D-Wave secured a $10 million, two-year Quantum Computing as a Service agreement with a Fortune 100 company, signaling that quantum technology is gaining traction with commercial clients and bolstering confidence in D-Wave's systems.
- Academic Collaboration Opportunity: Florida Atlantic University signed an agreement to purchase and install an Advantage2 quantum computer, expected to arrive in 2026, showcasing academic recognition of D-Wave's technology and potentially paving the way for future applications and collaborations.
- Technological Innovation Progress: D-Wave introduced new hybrid solver capabilities that allow customers to integrate machine learning models directly into quantum optimization workflows, while accelerating its gate-model development roadmap, with plans to launch an initial product by 2026, further solidifying its leadership in the quantum computing space.
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D-Wave Quantum Relocates Headquarters to Florida's Boca Raton
- Headquarters Relocation: D-Wave Quantum Inc. is relocating its global headquarters to the Boca Raton Innovation Campus in Florida, marking a significant milestone for South Florida's tech ecosystem and likely attracting more high-tech companies to the area.
- R&D Facility Establishment: The new headquarters will house a major U.S. R&D center, supported by a $20 million investment from Florida Atlantic University to purchase and install D-Wave's Advantage2™ quantum computer, further solidifying the region's leadership in quantum research.
- Infrastructure Enhancement: CP Group's $100 million capital improvement program at BRiC provides the mission-critical infrastructure necessary for quantum R&D, including wellness centers, coffee shops, and flexible event spaces, enhancing the campus's appeal and functionality.
- Leasing Activity Surge: BRiC achieved over 300,000 square feet of leasing activity by the end of 2025, demonstrating its successful transformation into a mixed-use
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