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Benchmark Raises PT for D-Wave Quantum (QBTS), Keeps Buy Rating

By Ali Ahmed | July 31, 2025, 11:31 PM

D-Wave Quantum Inc. (NYSE:QBTS) is one of the 12 Best Performing Stocks in the Last 6 Months. On June 18, Benchmark increased its price target on D-Wave Quantum Inc. (NYSE:QBTS) from $14 to $20 while keeping a “Buy” rating.

This decision came after the company announced that it had signed a memorandum of understanding with South Korea’s Yonsei University and Incheon Metropolitan City to accelerate quantum computing adoption in the country.

Benchmark Raises PT for D-Wave Quantum (QBTS), Keeps Buy Rating
A close up of an engineer typing at a quantum computing station in a modern office space.

Benchmark analysts see this strategic initiative as a significant step that sets the stage for D-Wave Quantum Inc. (NYSE:QBTS) to sell and install an Advantage2 quantum system in South Korea.

Although the memorandum is nonbinding, it clearly states that the parties will make collaborative efforts to acquire a D-Wave Advantage2 system at Yonsei University International Campus. This could represent a potential double-digit million-dollar revenue opportunity for the company.

Additionally, this move also helps D-Wave Quantum Inc.’s (NYSE:QBTS) strategy in South Korea. Benchmark sees South Korea as a “key, tech-forward market” for the quantum computing company.

D-Wave Quantum Inc. (NYSE:QBTS) specializes in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers.

While we acknowledge the potential of QBTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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