Here's Why Wall Street is Bullish on D-Wave Quantum (QBTS)

D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Performing NYSE Stocks According to Analysts. D-Wave Quantum Inc. (NYSE:QBTS) released strong results for its fiscal second quarter of 2025 on August 7. The company topped revenue estimates by $553,800 after demonstrating a 41.78% year-over-year growth. Wall Street is bullish on the stock, with analysts’ 12-month average price target of $21 representing a 35.92% upside from the current level.

On August 8, Mizuho Securities raised the price target on D-Wave Quantum Inc. (NYSE:QBTS) from $13 to $22, while reiterating a Buy rating on the stock. More recently, on August 11, Benchmark Co. analyst David Williams also reiterated a Buy rating on the stock with an associated price target of $20. The analyst noted that the company is making solid progress in technology, especially with their new Advantage2 system. Moreover, the company is also growing its customer base and improving financially.

D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and services. It provides quantum computers and cloud-based platforms to help businesses solve complex problems.

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