The Motley Fool·2026-01-12 22:47Core Insights - D-Wave Quantum has established itself as a leading player in the quantum computing sector, with significant stock performance and positive analyst coverage driving investor interest [1][2]. Stock Performance - D-Wave's stock rose 15.4% in December, despite volatility in growth stocks, and continued to show bullish momentum into January with a 10% increase [1][6]. - The current stock price is $28.80, with a market capitalization of $9.8 billion [4]. Analyst Coverage - Mizuho initiated coverage on D-Wave with an outperform rating and a one-year price target of $46 per share, citing strengths in quantum-annealing technologies and growth potential through acquisitions [5]. - Jefferies also initiated coverage with a buy rating, emphasizing the rising demand for quantum-computing technologies as a benefit for D-Wave [6]. - Rosenblatt reiterated a buy rating and increased its one-year price target to $43 per share, highlighting the acquisition of Quantum Circuits as a strategic move [8]. Strategic Developments - D-Wave formed a U.S. government business unit, which could lead to significant government contracts and long-term sales growth [3]. - The company announced a breakthrough in scalable on-chip cryogenic control of qubits, indicating potential applications beyond its current technology [7]. - D-Wave is acquiring Quantum Circuits for $550 million, expected to close soon, which is anticipated to enhance its error-correction performance [7][9].