Benchmark Company Raises Price Target on D-Wave Quantum Inc. (NYSE: QBTS)

August 3, 2023 11:46:06

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software and services and the world’s first commercial supplier of quantum computers, was featured in a recent equity research report published by The Benchmark Company LLC. The publication covers three public quantum computing companies, including D-Wave, and discusses a shifting in investor sentiment with quantum computing stocks in the report significantly outperforming the tech sector as the AI theme gathers momentum. An excerpt of the report reads, “QBTS – Our $3 price target (up from $2) is based on a 5.2x EV/Sales multiple on our current 2026E revenue projections. We believe D-Wave is the best positioned quantum computing platform to directly benefit from A.I. related demand with pre-built software to capture near-term demand opportunities.”

To view the full report, visit https://ibn.fm/Vwd5e

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software and services, and is the world’s first commercial supplier of quantum computers — and the only company building both annealing quantum computers and gate-model quantum computers. The company’s mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. D-Wave’s technology is being used by some of the world’s most advanced organizations, including Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory. For more information, visit the company’s website at www.DWaveSys.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

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