D-Wave Quantum (QBTS) Gains 5.6% Ahead of Earnings as Analysts Foresee 110% Upside
D-Wave Quantum shares climbed to $19.70 on Wednesday, buoyed by bullish analyst sentiment and strategic contract wins. The stock’s 25.1 million trading volume remained below its 33 million average, suggesting cautious positioning ahead of Thursday’s Q4 earnings report.
Wall Street anticipates a 6-cent loss on $3.72 million revenue—a 61.7% year-over-year revenue surge that WOULD narrow losses by 38.1%. The company recently secured a $10 million Fortune 100 contract and a $20 million system sale to Florida Atlantic University, validating its commercial traction.
Despite insider sales exceeding 1 million shares (including CFO disposals at $30.03), 15 of 16 analysts maintain buy ratings with a $39.24 consensus target. The quantum computing firm’s ability to convert technological promise into revenue will be scrutinized post-earnings.
