A Big-Name Analyst Started D-Wave Quantum as a Buy. It Might Have Further to Fly
247Wallst·2025-12-09 14:20

Core Viewpoint - The quantum computing sector, particularly D-Wave Quantum, is experiencing a resurgence despite previous volatility, suggesting potential growth as the technology approaches a critical inflection point [1][3][8]. Company Overview - D-Wave Quantum has seen a significant rebound, with shares increasing over 50% from their lows in November [1]. - Evercore ISI has initiated coverage on D-Wave Quantum with a target price of $44 per share, indicating confidence in the company's potential as a leading player in the quantum computing space [8][9]. Market Context - The broader market has shown skepticism towards AI and growth stocks, yet quantum stocks like D-Wave Quantum are beginning to show signs of recovery [3][4]. - The current market environment may present an opportunity for investors to consider quantum stocks, especially as they have lost about half their value in recent months [7]. Investment Considerations - The transition from pre-revenue to commercialization for quantum computing companies is critical, and if growth accelerates, share prices could rise significantly [2][6]. - D-Wave Quantum is described as well-funded, which is essential for capitalizing on upcoming opportunities in the quantum computing market [9].