---
title: "Five-Star Analyst Is Bullish on D-Wave (QBTS) Stock, Sets $30 Target as Quantum Backlog Grows"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294054616.md"
description: "Benchmark analyst Gary Mobley reinstated coverage of D-Wave Quantum (QBTS) with a Buy rating and a $30 price target, implying significant upside from the current reference price. The bullish outlook relies on rapid growth in backlog and bookings rather than near-term profits. Mobley highlighted D-Wave's diverse quantum computing systems as a competitive advantage in a non-winner-takes-all sector."
datetime: "2026-07-28T10:55:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294054616.md)
  - [en](https://longbridge.com/en/news/294054616.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294054616.md)
generator: "portal-rs"
---

# Five-Star Analyst Is Bullish on D-Wave (QBTS) Stock, Sets $30 Target as Quantum Backlog Grows

D-Wave Quantum Inc. (QBTS), a developer of quantum computing systems and software, received a Buy rating and a $30 price target from Benchmark as the firm reinstated coverage of the stock. The target implies substantial upside from the analyst's $16.73 reference price, but the call depends on rapid growth in backlog and bookings rather than near-term profits.

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Benchmark five-star analyst Gary Mobley said the firm is "bullish on the quantum computing sector" and argued that D-Wave's mix of annealing and gate-model systems gives it access to a wider share of the market. He also noted that quantum computing is not a "winner-takes-all" industry, suggesting investors may benefit from holding several names across the sector.

Mobley has a 58% success rate and a 19.80% average return per rating.

### Related Stocks

- [QBTS.US](https://longbridge.com/en/quote/QBTS.US.md)
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- [QBTS+.US](https://longbridge.com/en/quote/QBTS+.US.md)

## Related News & Research

- [D Wave Quantum (QBTS) Stock May Be Fully Priced Despite Strong Book Value Support](https://longbridge.com/en/news/298640892.md)
- [D-Wave Issues 7.1M QBTS Shares to U.S. Government Under $100M CHIPS Deal](https://longbridge.com/en/news/298457928.md)
- [Insider Selling: D-Wave Quantum (NASDAQ:QBTS) Director Sells $19,800.00 in Stock](https://longbridge.com/en/news/298512581.md)
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- [3 quantum computing stocks have issued a $63 million warning this year that Wall Street cannot ignore](https://longbridge.com/en/news/298431742.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**