Analysts Optimistic on D-Wave Quantum's (QBTS) Growing Commercial Adoption

D-Wave Quantum Inc. (NYSE:QBTS) is one of the 12 tech stocks with the biggest upside potential. Following a series of new agreements announced by the company, Wedbush raised its price target for D-Wave Quantum Inc. (NYSE:QBTS) from $35 to $40 while maintaining a Buy rating on January 28. Wedbush analyst Dan Ives was optimistic about the company’s announcement of a $10 million, two-year enterprise Quantum Computing as a Service (QCaaS) agreement with a leading Fortune 100 company. The firm views this deal as validation of growing commercial adoption. Wedbush also cited Florida Atlantic University’s plan to install an Advantage2 quantum computer in 2026, expanded hybrid solver capabilities, new defense-related collaborations, and progress on the company’s gate-model roadmap following the Quantum Circuits.

Additionally, on January 28, Roth MKM analyst Sujeeva De Silva also reiterated a Buy rating along with the price target of $40 for the shares. The firm’s price target implies a further 87% upside from current levels, slightly above the Median Wall Street analyst estimate, based on 14 analysts covering the stock.

D-Wave Quantum Inc. (NYSE:QBTS) delivers and develops quantum computing systems, services, and software internationally. It provides Ocean, a suite of open-source tools; Advantage and Advantage 2 quantum computers; Leap quantum cloud service; and secure access and data protection 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.