Analysts See More Than 90% Upside for D-Wave Quantum (QBTS)

Published on July 15, 2026 at 10:57 am by Talha Qureshi in News

D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Quantum Computing Stocks to buy and Hold Forever. Analysts project more than 99% upside from the current level over the next 12-months. This comes despite the stock being down 15.6% over the past month. The bullish sentiment is based on an impressive 2000% year-over-year surge in quarterly bookings.

Several analyst firms have raised price targets on the stock in the past month. Recently, on June 15, Mizuho raised the price target on D-Wave Quantum Inc. (NYSE:QBTS) from $29 to $35, while maintaining an Outperform rating on the stock. The rating came after the company’s first Analyst Day presentation.

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The firm noted D-Wave’s annealing and superconducting roadmap targets a quantum computing total addressable market of roughly $450 billion to $850 billion by 2040. Moreover, gate-based quantum computing could add another 75% to that market, on top of annealing. During the presentation, the company also showcased quantum error correction cycle times under 5 microseconds, with scaling that outperforms competing approaches.

The company also updated its long-term financial targets. It expects gross margins of 65% to 75% for Quantum Computing as a Service, 40% to 50% for Professional Services, and 75% to 90% for Computing Systems.

D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services.

While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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