Why D-Wave Quantum Shares Are Soaring Today
Summarize this article with:
Starting the shortened trading week on a bullish note, D-Wave Quantum (QBTS +14.29%) stock raced out of the gate this morning. With an analyst providing an auspicious outlook, investors are now running to pick up shares of the quantum computing stock. As of 12:20 p.m. ET, shares of D-Wave Quantum are up 13.6%. Image source: Getty Images. An industry leader with a stock that has room to run Maintaining an outperform rating, Vijay Rakesh, a Mizuho analyst, upwardly revised the price target on D-Wave Quantum stock to $35 from $29. The action echoes those of analysts who similarly raised their price targets on D-Wave Quantum stock two weeks ago. Roth Capital boosted its price target to $40 from $30, and B. Riley lifted its price target to $40 from $36. ExpandNYSE: QBTSD-Wave QuantumToday's Change(14.29%) $3.34Current Price$26.71Key Data PointsMarket Cap$8.7BDay's Range$24.93 - $27.1452wk Range$12.75 - $46.75Volume2.1MAvg Vol33MGross Margin32.92% Based on D-Wave Quantum's stock closing price of $23.37 on Friday, Rakesh's price target implies upside of more than 20%. According to Thefly.com, Rakesh grounded his outlook in the recognition that the company has extended its gate-model roadmap, aiming to reach 10 logical qubits by 2030, steadily scaling to a 100-logical-qubit system that can successfully perform more than 1 million operations by 2032. Is now the time to take a quantum leap in your tech exposure with D-Wave Quantum stock? While the consensus among analysts is that D-Wave Quantum stock has room to run, those seeking quantum computing stock exposure should weigh the company's achievements more heavily than analysts' opinions. Instead of simply clicking the buy button because analysts are bullish, potential investors should look for green flags from the company that make its 2030 and 2032 targets seem achievable. Should the company succeed in attaining its goal of delivering a 17-physical-qubit system that supports logical error rates 2 times lower than physical error rates, investors will have more material cause to buy D-Wave Quantum stock.Read NextJun 12, 2026 •By Matt DiLallo3 Best Quantum Computing ETFs for 2026 and How to InvestJun 12, 2026 •By Johnny RiceIonQ, Rigetti, and D-Wave Are Surging Again.
Is Quantum Computing Finally Real?Jun 10, 2026 •By Geoffrey SeilerAfter Receiving $100 Million in Government Funding, Are Rigetti Computing and D-Wave Quantum the Best Quantum Computing Stocks?Jun 9, 2026 •By Keith NoonanD-Wave Quantum Plummeted Today -- Is the Stock a Buy Right Now?Jun 8, 2026 •By Anders Bylund9 Best Quantum Computing Stocks for 2026 and How to InvestJun 5, 2026 •By Rich SmithWhy D-Wave Quantum Stock Just CrashedAbout the AuthorScott Levine is a contributing Motley Fool stock market analyst covering energy, industrials, technology, and materials. He is also a high school English teacher and a small business owner. He holds a bachelor’s degree in English and creative writing from Binghamton University, a master’s degree in secondary education from Adelphi University, and an advanced certificate in school building leadership from CUNY Queens College. A crossword puzzle enthusiast, he has solved more than 3,100 New York Times puzzles with a 97% solve rate.TMFProudMonkeyX@TMFProudMonkeyStocks MentionedD-Wave QuantumNYSE: QBTS$26.67(+14.12%)+$3.30Motley Fool Stock Advisor’s Latest PickGet Access---% Avg ReturnMizuho Financial GroupNYSE: MFG$9.71(+0.31%)+$0.03*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.