
QBTS Stock Forecast & Price Target
QBTS Analyst Ratings
Bulls say
D-Wave Quantum Inc. is demonstrating strong early performance in the fourth quarter, having already booked $12 million in revenue, indicating a positive trajectory despite a modest year-over-year booking increase of 4% to $2.4 million. The company's gross margin experienced a significant improvement, rising to 93.6% from 73% quarter-over-quarter, largely driven by the margin-accretive sales of full systems. Additionally, ongoing investments in research and development, alongside the enhanced performance expected from their A2 general availability system, signal a commitment to innovation that positions D-Wave Quantum favorably within the rapidly evolving quantum computing market.
Bears say
D-Wave Quantum Inc experienced a 12% year-over-year decline in Quantum Computing as a Service (QCaaS) revenue, emphasizing challenges in revenue generation amidst a competitive landscape. The company's ongoing developmental delays in gate-model technology could restrict its ability to effectively compete with both established and emerging rivals, impeding diversification beyond its current revenue streams. Furthermore, the uncertainties and long timelines associated with advancing quantum technology may hinder market performance and investor returns, raising concerns about the overall viability of D-Wave's revenue projections and share price.
This aggregate rating is based on analysts' research of D-Wave Quantum Inc and is not a guaranteed prediction by Public.com or investment advice.
QBTS Analyst Forecast & Price Prediction
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