Stifel initiated coverage of D-Wave Quantum (QBTS) With a Buy Rating

D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Performing Quantum Computing Stocks So Far in 2025. On August 5, Stifel initiated coverage of D-Wave Quantum Inc. (NYSE:QBTS) with a $26 price target and Buy rating.

The firm noted D-Wave Quantum Inc. (NYSE:QBTS) to be one of the pioneering quantum computing companies and one of the first to deliver commercial quantum annealing systems. The firm also highlighted that the company has enough funding to reach profitability and expects the quantum market to reach $10 billion by the end of 2030.

The firm believes that using base case assumptions, D-Wave Quantum Inc. (NYSE:QBTS) has the potential to capture at least 15% of this market value. Lastly, the firm also noted that the company has a strong commercial presence with paying customers, including a key system sale to Germany’s Julich Supercomputing Centre, which positions it well to reap the early movers’ benefit from the quantum industry.

D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and services. It also offers cloud access to its quantum computers and hybrid solvers through its Leap platform.

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.

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