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D-Wave Quantum (QBTS) has rallied more than 25% over the past five trading days after the company said it achieved a coveted industry landmark of “quantum supremacy.”
What it essentially means is that the company’s quantum computer can now solve certain problems that can’t be deciphered with a conventional computer.
“This, in some sense, is the holy grain for quantum computing,” according to D-Wave Quantum CEO Alan Baratz.
QBTS shares are now up more than 75% versus their year-to-date low.
Is It Too Late to Invest in D-Wave Stock?
Despite a sharp increase in the D-Wave stock price in recent sessions, it’s reasonable to believe that it will rise further this year, given that quantum computing is emerging as the hottest tech trend in 2025.
In fact, QBTS shares could print a new high of $11 by early next year as the Canadian firm is a “differentiated tile in the quantum mosaic,” argued Craig Ellis, a B. Riley analyst in a recent note.
Ellis remains bullish on the quantum computing stock as it has a clear path to commercial adoption. Additionally, the NYSE-listed firm has made remarkable progress in improving its balance sheet, he added.
Note that estimates more broadly are for accelerated innovation in quantum computing technology to add as much as $1 trillion to the global economy by 2035.
QBTS Expects a Sharp Beat on Revenue in Q1
D-Wave stock may be worth owning at current levels for the strength of its financial as well. The quantum computing pure-play saw its revenue come in at a better-than-expected $2.3 million in Q4.
More importantly, the company ended the quarter with bookings up a remarkable 502% on a year-over-year basis, indicating continued momentum moving forward.
QBTS now expect its revenue to exceed $10 million in the current quarter following the sale of its Advantage quantum computer to Germany’s Jülich Supercomputing Centre (JSC).
Analysts previously expected the company to report just $2.55 million in revenue for Q1.
What Wall Street Expects from QBTS Shares in 2025
D-Wave’s recent milestone, its strong financials, and path to commercial adoption is keeping Wall Street bullish on QBTS stock at large.
The consensus rating on D-Wave shares currently sits at “Strong Buy” with the mean target of $7.67 indicating potential upside of another 15% from current levels.
