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D-Wave Quantum (QBTS) just closed its Quantum Circuits acquisition and filed new shelf registrations that include common and preferred stock, debt securities, warrants, and units, along with an ESOP related offering.
Those moves expand the company’s quantum product toolkit while also raising fresh questions about future funding choices, resale of existing shares, and how any new capital structure might affect current shareholders.
See our latest analysis for D-Wave Quantum.
The latest 1 day share price return of a 6.56% decline and 7 day share price return of an 11.10% decline suggest momentum has cooled recently. However, the 1 year total shareholder return of about 3x and the multi year total shareholder return in the high teens multiple still point to a very strong longer term run.
If D-Wave’s recent moves have you thinking more broadly about quantum and AI, this could be a good moment to look at other high growth tech and AI stocks that fit your own criteria.
With 1 year returns above 3x, fresh shelf registrations, and a recent pullback, the key question now is simple: is D-Wave still underappreciated by the market, or are investors already paying up for years of future growth?
Compared with the last close at $25.63, the most followed narrative pegs D-Wave Quantum’s fair value materially higher, built on an aggressive growth roadmap and margin reset.
Growing global adoption of quantum optimization for high value logistics, manufacturing and defense workflows, evidenced by production grade deployments such as BASF, Davidson and North Wales Police, should expand recurring QCaaS usage and may support sustained double digit revenue growth.
This narrative explores what could potentially turn today’s deep losses into that higher value tag. It focuses on rapid revenue expansion, rising margins and a future earnings profile that may look very different from today.
Result: Fair Value of $38.55 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, this hinges on lumpy system deals repeating and rising operating spend eventually translating into scalable, recurring QCaaS revenue, rather than a longer stretch of deep losses.
Find out about the key risks to this D-Wave Quantum narrative.
