Trump says Iran war "close to over" amid hopes for more negotiations
Investing.com - Mizuho lowered its price target on D-Wave Quantum Inc. (NYSE:QBTS) to $31 from $40 while maintaining an Outperform rating, the firm said Monday. The stock currently trades at $14.14 with a market cap of $5.23 billion, significantly below its 52-week high of $46.75 reached earlier this year.
The price target reduction follows the firm’s updated view on the quantum computing sector after GTC and recent industry announcements. Mizuho also cut price targets on Rigetti Computing to $33 from $43 and IonQ to $61 from $80, while keeping Outperform ratings on both. D-Wave shares have declined 60% over the past six months despite posting impressive revenue growth of 179% over the last twelve months.
The firm noted that NVQLink is gaining traction with multiple players, improving Quantum Error Correction and enabling hybrid workflows combining quantum processing units, graphics processing units and central processing units. The race toward more than 200 logical qubits is intensifying as companies continue ramping research and development, with the most ambitious roadmaps pointing to more than 200 logical qubits in 2027-2029.
The United Kingdom is adding approximately $2.7 billion in quantum computing funding over roughly four years, while Rigetti plans to invest approximately $100 million in the UK. Canada is investing approximately $1 billion into quantum computing for defense, adding to $2.7 billion in National Quantum Initiative and CHIPS funding extending to 2034.
Mizuho said it continues to see more than 100% upside and remains positive on the long-term quantum computing roadmap in the early stages of an inflection. According to InvestingPro analysis, which offers comprehensive insights on over 1,400 US equities including detailed Pro Research Reports, the stock currently appears overvalued relative to its Fair Value estimate.
In other recent news, D-Wave Systems Inc. reported its financial results for the fourth quarter of 2025, showing notable revenue growth but failing to meet analyst expectations. The company posted revenue of $2.75 million, which was 26.08% below the forecasted $3.72 million. Additionally, the earnings per share (EPS) were reported at -$0.09, missing the projected -$0.06. In other developments, Evercore ISI adjusted its price target for D-Wave Quantum Inc. shares to $42 from $44, while maintaining an Outperform rating on the stock. This adjustment was based on a valuation reflecting 33 times the firm’s 2035 earnings per share estimate, discounted back nine years. These updates provide investors with insights into D-Wave’s current financial performance and future expectations as seen by analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.