D-Wave Quantum Inc. (NYSE:QBTS) is one of the 11 best computer hardware stocks to buy for the long term.
On February 27, Roth Capital reduced its price target on D-Wave Quantum Inc. (NYSE:QBTS) from $40 to $30. The firm reiterated a Buy rating on the stock, which still offers more than 61% upside potential despite the downward revision.
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Roth noted that the company had registered strong bookings in the fourth quarter, with 2026 bookings already showing significant growth momentum. The reduction in price target is largely due to incremental operating costs, following the acquisition of Quantum Circuits. However, Roth is optimistic about the company’s “strong funding position in support of these investments.”
On February 26, D-Wave Quantum Inc. (NYSE:QBTS) reported adjusted EPS of (9c) for the fourth quarter, compared to the consensus estimate of (6c). Revenue for the quarter came in at $2.75 million, below the consensus estimate of $3.7 million. Chief Executive Officer Alan Baratz reflected on a highly transformative year that was characterized by notable growth across key parameters. Baratz stated:
“Our 2025 results mark one of the most successful and transformative years in D-Wave’s history, with meaningful growth across every key business metric – revenue, Bookings, technical milestones, and scientific breakthroughs. We are entering 2026 with exceptional momentum: generating over $30 million in Bookings in January alone, expanding our market leadership through the acquisition of gate-model quantum computing company Quantum Circuits, Inc., and securing an eight-figure enterprise QCaaS agreement that underscores growing customer confidence in our technology’s power to transform enterprise operations. 2026 is shaping up to be a defining year for D-Wave.”
D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing and software company that provides real-time access to quantum systems through its cloud platform. It offers specialized tools for developers and businesses to build applications that solve complex problems, from logistics and scheduling to drug discovery. The company’s technology turns massive data challenges into efficient, high-speed solutions.
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