D-Wave's Advantage2 Quantum System Launches Amid Rising Government Interest
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Government Interest Rising: D-Wave's Advantage2 quantum system has come online amid increasing government interest in quantum computing, marking a strategic advancement for the company that is expected to attract more investment and partnership opportunities.
- Application Expansion: The system's real-world applications across defense, logistics, and AI not only enhance the company's market competitiveness but also hold the potential for significant revenue growth, positioning D-Wave favorably in the industry.
- Capital Infusion: The new capital strengthens D-Wave's roadmap, enabling accelerated technology development and market penetration, which is crucial for gaining a competitive edge in the rapidly evolving quantum computing landscape.
- Execution Critical: Should D-Wave effectively execute its strategic plans, it is anticipated to achieve meaningful stock price appreciation, further solidifying its leadership position in the quantum computing sector.
QBTS
$25.29+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: 27.520
Low
35.00
Averages
38.89
High
48.00
Current: 27.520
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.
