Benchmark Lifts PT on D-Wave Quantum (QBTS) Stock

D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 10, Benchmark analyst David Williams lifted the price target on the company’s stock to $35 from $20, while keeping a “Buy” rating. As per the firm, D-Wave Quantum Inc. (NYSE:QBTS)’s Q3 2025 saw healthy progress with continued momentum for broader commercialization and sustainable profitability. Notably, the company saw bookings to the tune of $2.4 million, reflecting a rise of ~$100,000 or 3% YoY, and a rise of 80% compared to Q2 2025.

Also, after the close of the quarter, the company signed a EUR 10 million agreement to place a D-Wave Advantage2 system in Europe. In Q3 2025, D-Wave Quantum Inc. (NYSE:QBTS)’s revenue rose by $1.9 million, or 100% YoY, to $3.7 million, with the rise mainly aided by revenue from a system upgrade project of $1.8 million and higher professional service revenue of $0.2 million. This was partially mitigated by a reduction in QCaaS revenue of $0.2 million.

D-Wave Quantum Inc. (NYSE:QBTS)’s adjusted EBITDA loss for Q3 2025 amounted to $20.6 million, reflecting a rise of $6.8 million, or 49% YoY. This increase was mainly because of increased operating expenses, partly mitigated by higher gross profit.

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.