D-Wave Quantum (QBTS) Stock Earns Buy Rating as Revenue Path Separates It From Quantum Rivals
TD Cowen analyst Krish Sankar initiated coverage on D-Wave Quantum with a Buy rating, emphasizing the company's unique position in the quantum computing sector. Unlike most peers still in the research phase, D-Wave generates tangible revenue through hardware systems and cloud access, priced at $20-40 million per unit with high margins.
Revenue projections show a leap from $26 million in 2025 to $135 million by 2028, driven by 70% annual growth. The recent acquisition of Quantum Circuit Inc. technology could accelerate processor development, unlocking AI and machine-learning applications. All 12 covering analysts rate QBTS a Strong Buy, with a $41.25 average price target implying 110% upside.