QBTS Stock Forecast & Price Target

D-Wave Quantum Inc. has indicated a positive trajectory with projected revenue growth reaching approximately $10 million in Q1 2025, primarily driven by their inaugural system sale and a notable 7x increase in bookings. The company is solidifying its position as a leader in the commercial quantum computing space, with its technology enabling large-scale deployment of practical applications across various industries, which is expected to enhance customer adoption and revenue streams. Furthermore, the reported gross margin of 73% reflects a healthy financial position, coupled with an anticipated acceleration in sales deployment due to an improved go-to-market strategy.

D-Wave Quantum Inc. reported a fourth quarter revenue of $2.3 million, reflecting a quarter-over-quarter growth of 23.5%, but a year-over-year decline of 21%, indicating potential challenges in sustained revenue generation. The company faces risks associated with delayed quantum technology adoption, which could hinder scalability and result in lower sales than anticipated, further impacting future performance. Additionally, projected increasing losses, including a forecasted FY25 Non-GAAP EBITDA loss of $53.3 million, suggest concerns over operational expenditures outpacing revenue growth, raising the possibility of shareholder dilution.