QBTS Stock Forecast & Price Target
QBTS Analyst Ratings
Bulls say
D-Wave Quantum Inc is anticipated to experience a positive financial trajectory, with projected revenue growth to approximately $10 million in 1Q25, spurred by its inaugural system sale and a significant increase in bookings. The company’s recent advancements in its Advantage2 quantum computers, featuring enhanced performance metrics such as doubled qubit coherence time and improved energy scale, position it as a key player in the commercial quantum computing sector. Furthermore, a healthy gross margin of 73% demonstrates effective revenue management, and the restructured go-to-market strategy is expected to enhance sales and deployment efficiency, driving further customer adoption and revenue growth.
Bears say
D-Wave Quantum Inc. reported a 4Q24 revenue of $2.3 million, showing a sequential increase of 23.5% but a significant annual decline of 21%. The company faces challenges due to delayed quantum technology adoption, which could hinder scaling and lead to lower sales, while projected losses for FY25 Non-GAAP EBITDA are anticipated to deepen to ($53.3 million), indicating a deteriorating financial outlook. Additionally, the risk of shareholder dilution increases as operational expenses rise amidst slower-than-expected sales growth, further contributing to a negative sentiment surrounding the stock's performance.
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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