D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
0.983
-0.027 (-2.63%)
At close: Sep 16, 2024, 4:00 PM
1.000
+0.017 (1.69%)
After-hours: Sep 16, 2024, 7:09 PM EDT
Stock Price Forecast
The 7 analysts with 12-month price forecasts for D-Wave Quantum stock have an average target of 2.54, with a low estimate of 2.00 and a high estimate of 3.00. The average target predicts an increase of 158.29% from the current stock price of 0.98.
Analyst Consensus: Strong Buy
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $2.00 | $2.54 | $2.50 | $3.00 |
| Change | +103.38% | +158.29% | +154.22% | +205.06% |
* Price targets were last updated on Aug 13, 2024.
Analyst Ratings
The average analyst rating for D-Wave Quantum stock from 7 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 6 | 6 |
| 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 | 5 | 5 | 5 | 6 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Roth MKM | Roth MKM | Strong Buy Maintains $3 → $2 | Strong Buy | Maintains | $3 → $2 | +103.38% | Aug 13, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $4 → $3 | Strong Buy | Maintains | $4 → $3 | +205.06% | Aug 12, 2024 |
| WestPark Capital | WestPark Capital | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +205.06% | Aug 9, 2024 |
| Needham | Needham | Strong Buy Maintains $2.5 → $2.25 | Strong Buy | Maintains | $2.5 → $2.25 | +128.80% | Aug 9, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $3 | Strong Buy | Initiates | $3 | +205.06% | Jul 25, 2024 |
Financial Forecast
Revenue This Year
10.29M
from 8.76M
Increased by 17.54%
from 8.76M
Revenue Next Year
20.16M
from 10.29M
Increased by 95.85%
from 10.29M
EPS This Year
-0.36
from -0.60
from -0.60
EPS Next Year
-0.31
from -0.36
from -0.36
| Fiscal Year | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | FY 2027 |
|---|---|---|---|---|---|---|---|---|
| Period Ending | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2026 | Dec 31, 2027 |
| Revenue | 5.16M | 6.28M | 7.17M | 8.76M | 10.29M | 20.16M | 40.73M | 81.60M |
| Revenue Growth | - | 21.69% | 14.24% | 22.10% | 17.54% | 95.85% | 102.04% | 100.32% |
| EPS | - | -9.96 | -0.45 | -0.60 | -0.36 | -0.31 | -0.29 | -0.08 |
| EPS Growth | - | - | - | - | - | - | - | - |
| Forward PE | - | - | - | - | - | - | - | - |
| No. Analysts | - | - | - | - | 8 | 8 | 5 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.1M | 30.2M | 47.1M | |
| Avg | 10.3M | 20.2M | 40.7M | |
| Low | 9.6M | 15.7M | 34.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 27.1% | 193.8% | 133.7% | |
| Avg | 17.5% | 95.9% | 102.0% | |
| Low | 9.7% | 52.3% | 70.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -0.32 | -0.23 | -0.20 | |
| Avg | -0.36 | -0.31 | -0.29 | |
| Low | -0.40 | -0.45 | -0.36 |
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.
