Market Reaction: Quantum stocks experienced a boost following dovish remarks from Fed Chair Jerome Powell, which raised hopes for lower interest rates benefiting debt-laden quantum companies.
Quantum Computing, Inc. (QUBT): The company reported disappointing Q2 results with losses of 26 cents per share and revenue below expectations, but emphasized its focus on delivering practical, purpose-built quantum machines.
IonQ Developments: IonQ's stock rose after announcing it controls over 1,000 patents, highlighting its technical leadership and ambition to develop a quantum system with 2 million qubits by 2030.
D-Wave Quantum Conference: D-Wave announced its first Qubits Japan 2025 user conference in Tokyo, reflecting the growing importance of Asia in quantum computing, while also reporting an 83% increase in bookings in the APAC region over the past year.
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
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 Buy
0 Hold
0 Sell
Strong Buy
Current: 30.200
Low
35.00
Averages
38.89
High
48.00
Current: 30.200
Low
35.00
Averages
38.89
High
48.00
Wedbush
Outperform
initiated
$35
2025-12-17
Reason
Wedbush
Price Target
$35
2025-12-17
initiated
Outperform
Reason
Wedbush initiated coverage of D-Wave Quantum with an Outperform rating and $35 price target. While still in its infancy, the firm sees broad commercial adoption as being the next major catalyst for the industry and for D-Wave in particular since its annealing systems are ready for commercial use today. The combination of D-Wave's large addressable market and significant real-world benefits from optimization that can be applied across many industries and verticals, coupled with expected energy efficiencies, make D-Wave Quantum a compelling investment, Wedbush argues.
Jefferies
NULL -> Buy
initiated
$45
2025-12-16
Reason
Jefferies
Price Target
$45
2025-12-16
initiated
NULL -> Buy
Reason
Jefferies initiated coverage of D-Wave Quantum with a Buy rating and $45 price target. The company is positioned to benefit from ecosystem tailwinds that are lifting sentiment and usage across quantum architectures, the analyst tells investors in a research note. The firm says that with Advantage2 commercially available via Leap, these catalysts translate into customer education, bigger experimentation budgets, and pilots that feed the annealing funnel.
Mizuho
Outperform
initiated
$46
2025-12-11
Reason
Mizuho
Price Target
$46
2025-12-11
initiated
Outperform
Reason
Mizuho initiated coverage of D-Wave Quantum with an Outperform rating and $46 price target. The firm sees the company "driving a dual track" to annealing and gate model with potential for acquisitions. D-Wave is a "dominant" quantum annealing player in the near-term emerging optimization market, the analyst tells investors in a research note.
Evercore ISI
Outperform
initiated
$44
2025-12-03
Reason
Evercore ISI
Price Target
$44
2025-12-03
initiated
Outperform
Reason
Evercore ISI initiated coverage of D-Wave Quantum with an Outperform rating and $44 price target. The firm, which views D-Wave as "a leading play" as the computing industry shifts to a quantum computing era, highlights it as the first quantum company with commercial revenues, a full stack ecosystem and one that is well-funded.
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.
