What Do Analysts Think About D-Wave Quantum Inc. (QBTS)?

D-Wave Quantum Inc. (NYSE:QBTS) is one of the best strong buy stocks to invest in right now. D-Wave Quantum Inc. (NYSE:QBTS) was initiated with an Outperform rating by Wedbush on December 17 with a price target of $35. The firm told investors that although still in its infancy, it sees the industry and the company benefiting from broad commercial adoption as the next major catalyst. This holds especially true since D-Wave Quantum Inc.’s (NYSE:QBTS) annealing systems are ready for commercial use.

Wedbush added that the combination of the company’s significant real-world advantages from optimization and its considerable addressable market is applicable across various industries and verticals, making D-Wave Quantum Inc. (NYSE:QBTS) a compelling investment when coupled with the anticipated energy efficiencies.

Jefferies also initiated coverage of D-Wave Quantum Inc. (NYSE:QBTS) on December 16 with a Buy rating and a $45 price target, detailing that the company is well-positioned to benefit from ecosystem tailwinds elevating sentiment and usage across quantum architectures. It further stated that with Advantage2 commercially available through Leap, these catalysts point towards bigger experimentation budgets, customer education, and pilots that feed the annealing funnel.

D-Wave Quantum Inc. (NYSE:QBTS) is involved in the development and delivery of quantum computing systems, services, and software, offering customers access to its quantum computing systems through the cloud in the form of quantum computing as a service.

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.