Core Viewpoint - D-Wave (QBTS) shares experienced a significant rally of up to 20% following the announcement of its participation in CES 2026, which is set for January 7, showcasing its technology and customer success stories [1][3]. Group 1: Company Participation and Market Impact - D-Wave's participation in CES 2026 presents a substantial opportunity to enhance visibility among investors and potential customers, thereby validating its commercial traction [3]. - The discussion by Murray Thom, a vice president of D-Wave, on the synergy between quantum computing, AI, and blockchain is expected to highlight growth opportunities in high-demand sectors [2][3]. Group 2: Financial Outlook and Analyst Ratings - Jefferies analysts maintain a "Buy" rating on D-Wave with a price target of $45, suggesting a potential upside of 41% from current levels [4]. - The company is projected to grow its revenue at a compound annualized rate of 73% through the end of the decade, supported by its strong cash position of over $800 million [5][6]. - The consensus rating on D-Wave stock remains at "Strong Buy," with price targets reaching as high as $48, indicating a potential rally of over 65% in the coming year [7].
Dear D-Wave Quantum Computing Fans, Mark Your Calendars for January 7