Top Analyst Raises Price Target on D-Wave Quantum (QBTS) Amid Quantum Computing Boom

D-Wave Quantum''s stock (QBTS) has surged 1,281% over the past year, catching the attention of Roth MKM''s 5-star analyst Sujeeva De Silva. The analyst increased his price target to $18 from $12, maintaining a ''Buy'' rating and projecting 19% upside potential. De Silva, ranked 101 out of 9,621 analysts tracked by TipRanks, boasts a 51% success rate with average returns of 26% per rating.

Quantum computing demand is accelerating across commercial and AI sectors, with D-Wave positioned to capitalize. Customer interest in hosted services and hardware sales has grown markedly, potentially expanding the company''s revenue base. The AI sector''s engagement with quantum computing as a performance-enhancing tool is particularly noteworthy as AI applications grow more complex.