D-Wave QuantumQBTS
About: D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. The Company's mission is to unlock the power of quantum computing today to benefit business and society. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the Company's LeapTM cloud service.
Employees: 200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
86% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 14
10% more funds holding
Funds holding: 78 [Q2] → 86 (+8) [Q3]
10% less capital invested
Capital invested by funds: $93M [Q2] → $83.7M (-$9.36M) [Q3]
10.51% less ownership
Funds ownership: 64.51% [Q2] → 54.0% (-10.51%) [Q3]
33% less call options, than puts
Call options by funds: $369K | Put options by funds: $553K
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
B. Riley Securities Craig Ellis 31% 1-year accuracy 19 / 61 met price target | 71%upside $9 | Buy Maintained | 14 Jan 2025 |
Benchmark David Williams 57% 1-year accuracy 27 / 47 met price target | 52%upside $8 | Buy Reiterated | 14 Jan 2025 |
Craig-Hallum Richard Shannon 79% 1-year accuracy 34 / 43 met price target | 71%upside $9 | Buy Maintained | 20 Dec 2024 |
Roth MKM Suji Desilva 60% 1-year accuracy 26 / 43 met price target | 33%upside $7 | Buy Maintained | 12 Dec 2024 |
Needham Quinn Bolton 51% 1-year accuracy 67 / 131 met price target | 57%downside $2.25 | Buy Reiterated | 15 Nov 2024 |
Financial journalist opinion
Based on 49 articles about QBTS published over the past 30 days