Wedbush Highlights D-Wave Quantum (QBTS) as a Commercial-Ready Standout in the Rapidly Growing Quantum Computing Sector

D-Wave Quantum Inc. (NYSE:QBTS) is one of the most active US stocks to buy according to analysts. On December 17, Wedbush initiated coverage of D-Wave Quantum with an Outperform rating and $35 price target. Wedbush argues that D-Wave is a standout investment because it is commercial-ready in an otherwise young industry. The firm highlighted the company’s immediate applicability of its annealing systems to complex optimization problems, its expansive reach across multiple industrial verticals, and the competitive advantage of its energy-efficient hardware.

On December 16, Jefferies also initiated coverage of D-Wave Quantum with a Buy rating and $45 price target. The firm highlighted that the company is well-positioned to capitalize on broad ecosystem tailwinds that are boosting both market sentiment and usage across various quantum architectures. With the Advantage2 system now commercially accessible through the Leap cloud platform, these industry catalysts are driving several key growth drivers: enhanced customer education, expanded experimentation budgets, and a steady stream of pilot programs.

Furthermore, Mizuho initiated coverage of D-Wave Quantum with an Outperform rating and $46 price target on December 11. Mizuho noted that the company is pursuing a dual-track strategy, developing both quantum annealing and gate-model technologies while maintaining the flexibility for future acquisitions. D-Wave currently stands as the dominant leader in quantum annealing.

D-Wave Quantum Inc. (NYSE:QBTS) develops and delivers quantum computing systems, software, and services worldwide.

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.