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

D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Quantum Computing Stocks to Buy for 2026. On January 8, Rosenblatt lifted its price objective on the company’s stock to $43 from $40, while keeping a “Buy” rating, as reported by The Fly. According to the analyst, D-Wave Quantum Inc. (NYSE: QBTS) delivered 2 major positives, including a $550 million acquisition and a technical breakthrough.

As per the firm, the company has significantly strengthened its long-term position by demonstrating on-chip cryogenic control. Furthermore, it added that the Quantum Circuits deal results in superior error correction capabilities.

Notably, on January 7, D-Wave Quantum Inc. (NYSE:QBTS) and Quantum Circuits Inc. announced a merger agreement. Under this agreement, D-Wave Quantum Inc. (NYSE:QBTS) would acquire Quantum Circuits for a purchase price of $550 million. This will consist of $300 million in D-Wave common stock and $250 million in cash.

This acquisition is expected to bring together D-Wave Quantum Inc. (NYSE:QBTS)’s strong expertise in scalable control of superconducting processors and its production-grade, high-availability quantum cloud platform with Quantum Circuits’ leading approach to error-corrected superconducting gate-model technology.

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

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.