Key Stats for D-Wave Quantum Stock
- Price change for D-Wave Quantum stock in last 1 month: 19%
- $QBTS Stock Price as of Aug. 21: $20
- 52-Week High: $47
- $QBTS Stock Price Target: $35
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What Happened?
D-Wave Quantum (QBTS) stock got a boost this week after BMO Capital started coverage on the company with an outperform rating and a $35 price target, nearly double where shares currently sit, just above $20. That target lands at the high end of the analyst range, which currently spans $22 to $43.
BMO’s main argument is pretty simple: D-Wave is one of the few quantum computing companies actually generating commercial revenue right now, rather than just promising future breakthroughs.
The firm also pointed out that D-Wave is the only quantum company pursuing both major approaches to quantum computing at once, annealing and gate-model, giving it more ways to win business as the industry matures.
BMO framed this combination, along with D-Wave’s early head start in the space, as a real edge over competitors.
That bullish call comes despite a rough Q2 earnings report. D-Wave Quantum stock posted an adjusted loss of 13 cents per share, wider than the 9-cent loss analysts had expected.
Revenue came in at $3.07 million, missing Wall Street’s forecast of $4.03 million by about 24%.
Revenue was also essentially flat compared to the same quarter last year, which isn’t the kind of growth investors typically want to see from a young tech company.
So the market is dealing with two very different signals here: a disappointing earnings miss on one hand, and a fresh, high-conviction buy rating from a major bank on the other.
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What the Market Is Telling Us About D-Wave Quantum Stock
The rally in D-Wave Quantum stock suggests investors are focusing on the long-term commercialization story rather than the near-term revenue miss.
BMO’s thesis isn’t about this quarter’s numbers; it’s about D-Wave already having paying commercial customers in a field where most competitors are still years away from real revenue.
That’s a meaningful distinction in quantum computing, where many companies are valued purely on future potential rather than actual sales.
At the same time, the earnings miss is a real reminder that D-Wave Quantum stock remains a high-risk, early-stage bet.
Revenue growth has been essentially flat, and the company is still losing more money than expected each quarter.
Investors seem willing to look past that for now, betting that BMO’s read on D-Wave’s competitive position, being the only company covering both annealing and gate-model technology, will eventually translate into faster revenue growth.
Whether that bet pays off likely depends on how quickly D-Wave Quantum stock can convert its technical lead into bigger, more consistent commercial contracts in the quarters ahead.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
