D-Wave Quantum Stock Surges 256% in 2025, But Future Outlook Remains Uncertain
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Stock Performance: D-Wave Quantum's stock surged 256% in 2025, establishing it as a leader in the quantum computing sector, yet with a market cap of $10.5 billion and significant net losses, the disparity between market optimism and financial reality raises concerns about sustainability.
- Revenue and Losses: Despite generating only $24 million in revenue over the past year, D-Wave reported nearly $400 million in net losses, creating skepticism about its long-term profitability and potentially influencing future investment decisions.
- Market Reaction: The market has assigned a high valuation to D-Wave despite its unstable sales base and lack of long-term visibility, indicating investor enthusiasm for quantum computing's potential; however, this enthusiasm may be short-lived, reminiscent of the dot-com bubble.
- Future Outlook: Analysts predict that if D-Wave's stock continues to decline in 2026, it could drop to around $7 per share from the current $31, suggesting that investors should be cautious and avoid becoming
QBTS
$27.37+Infinity%1D
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 38.89 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.
9 Analyst Rating
9 Buy
0 Hold
0 Sell
Strong Buy
Current: 29.120
Low
35.00
Averages
38.89
High
48.00
Current: 29.120
Low
35.00
Averages
38.89
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.
