Analyst Reiterates Buy on D-Wave Quantum, Keeps $40 Price Target Amid Strengthening System Sales Pipeline
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Analyst Quinn Bolton from Needham has reiterated a Buy rating on D-Wave Quantum, maintaining a $40 price target. Despite near-term revenue falling short, Bolton cites a strengthening sales pipeline and robust customer interest in upcoming products, including a 17-qubit system expected by 2026. Management anticipates 2-3 system sales annually, with revenue expected to rise in the latter half of 2026. Jefferies also supports the stock with a Buy rating and a $45 price target.
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