Why D-Wave Quantum Stock Popped Today

D-Wave Quantum (QBTS +0.00%) stock soared 10.7% through 3:10 p.m. ET Monday after investment bank Wedbush assumed coverage of the stock with an outperform rating and $40 price target. Image source: Getty Images. Why Wedbush loves quantum computing Although valued at $6.7 billion in market capitalization, D-Wave is not profitable. It barely has even revenue -- just $12.4 million generated over the past 12 months. And yet, Wedbush argues today in a note covered by TheFly.com that "companies in the quantum computing market are defined by the solving of engineering and physics R&D challenges through successful execution against technology roadmap milestones," rather than by revenue and profit alone. Over time, they can expect to receive cash from government research grants and will also accumulate commercial customers. Over time... they will "transition... from cash-burning, capital-intensive, venture-style projects into efficient and scalable businesses." ExpandNASDAQ: QBTSD-Wave QuantumToday's Change(0.00%) $0.00Current Price$19.98Key Data PointsMarket Cap$6.7BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Day's Range$18.00 - $20.1452wk Range$12.75 - $46.75Volume24.5MAvg Vol30.6MGross Margin32.92% What's next for D-Wave Quantum stock How much time will this take? Perhaps less than you think -- but also perhaps more. This year, analysts who follow D-Wave Quantum forecast the company's revenue to more than triple to $42 million. That won't be enough to make a profit; in fact, losses are forecast at $138 million in 2026 -- rising to $176 million in 2027. Over time, these losses should begin to moderate, but looking out as far as any analysts are making forecasts, the consensus is that even in 2030, D-Wave will still be losing money: $85 million. The good news is that, with $588 million in the bank, D-Wave probably has the cash it needs to survive until at least 2030. The bad news is that by 2031, it will most likely be out of cash... and still not profitable.Read NextAug 2, 2026 •By Robert IzquierdoIonQ vs. D-Wave Quantum: Which Quantum Computing Stock Is a Better Buy in 2026?Aug 2, 2026 •By Sara AppinoBigBear.ai vs. D-Wave Quantum: Which Technology Stock Is a Better Buy in 2026?Jul 30, 2026 •By Chris NeigerAT&T Just Expanded Its Use of D-Wave Quantum's Tech. Time to Buy This Leading Quantum-Computing Stock?Jul 28, 2026 •By Catie HoganD-Wave Quantum Just Announced an Expanded Deal.

Should You Buy the Stock Now?Jul 27, 2026 •By Joe TenebrusoWhy D-Wave Quantum Stock Surged TodayJul 27, 2026 •By Howard SmithStock Market Today, July 27: D-Wave Surges on Nasdaq Debut and Expanded AT&T DealAbout the AuthorRich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”TMFDittyX@RichSmithFoolStocks MentionedD-Wave QuantumNASDAQ: QBTS$19.98(0.00%)-Motley Fool Stock Advisor’s Latest PickGet Access---% Avg Return*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.