D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · IEX Real-Time Price · USD
1.020
-0.050 (-4.67%)
Jul 19, 2024, 11:42 AM EDT - Market closed
D-Wave Quantum Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for D-Wave Quantum stock have an average target of 2.80, with a low estimate of 2.00 and a high estimate of 4.00. The average target predicts an increase of 174.51% from the current stock price of 1.02.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 17, 2024.
Analyst Ratings
The average analyst rating for D-Wave Quantum stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 4 | 4 | 4 | 4 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +145.10% | May 17, 2024 |
| Needham | Needham | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | +145.10% | May 14, 2024 |
| Needham | Needham | Strong Buy Initiates $2.5 | Strong Buy | Initiates | $2.5 | +145.10% | Apr 8, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $2 → $4 | Strong Buy | Maintains | $2 → $4 | +292.16% | Apr 2, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $2 → $3 | Strong Buy | Maintains | $2 → $3 | +194.12% | Apr 1, 2024 |
Financial Forecast
Revenue This Year
12.79M
from 8.76M
Increased by 46.02%
Revenue Next Year
25.76M
from 12.79M
Increased by 101.46%
EPS This Year
-0.35
from -0.60
EPS Next Year
-0.29
from -0.35
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 13.7M | 33.6M | 42.0M | 84.0M |
| Avg | 12.8M | 25.8M | 40.8M | 81.6M |
| Low | 11.8M | 19.6M | 39.2M | 78.4M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 55.9% | 162.7% | 63.0% | 105.9% |
| Avg | 46.0% | 101.5% | 58.4% | 100.0% |
| Low | 34.3% | 53.3% | 52.2% | 92.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -0.34 | -0.24 | -0.21 | -0.08 |
| Avg | -0.35 | -0.29 | -0.20 | -0.08 |
| Low | -0.36 | -0.33 | -0.20 | -0.08 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | - | - | - |
| Avg | - | - | - | - |
| Low | - | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.