Can D-Wave Quantum (QBTS) Double From Here On? One Analyst Thinks So

Group 1 - D-Wave Quantum (NYSE:QBTS) is recognized as one of the top quantum computing stocks, with a Buy rating and a price target of $30, indicating potential for over 100% growth [1] - The company has a strong cash position of $884.48 million and low debt of $43.46 million, enabling it to fund operations without external financing [1] - In Q4 2025, D-Wave reported that bookings have already surpassed any previous annual figures, with expectations for significant revenue growth in the latter half of the year [2] Group 2 - D-Wave Quantum specializes in quantum computing systems, including Advantage and Advantage 2, and offers a suite of open-source tools called Ocean, along with the Leap Quantum cloud service [3] - The company anticipates a 15% quarter-over-quarter increase in operating expenses, driven by rising demand and the launch of the US Government Solutions unit [2] - D-Wave Quantum's stock experienced a notable increase of 13.78% following a bullish recommendation [6]