D-Wave Quantum Inc. (NYSE:QBTS) is one of the Best Quantum Computing Stocks to buy and Hold Forever.
Analysts project more than 99% upside from the current level over the next 12-months
This comes despite the stock being down 15.6% over the past month. The bullish sentiment is based on an impressive 2000% year-over-year surge in quarterly bookings. Several analyst firms have raised price targets on the stock in the past month.
Recently, on June 15, Mizuho raised the price target on D-Wave Quantum Inc. (NYSE:QBTS) from $29 to $35, while maintaining an Outperform rating on the stock. The rating came after the company’s first Analyst Day presentation. The firm noted D-Wave’s annealing and superconducting roadmap targets a quantum computing total addressable market of roughly $450 billion to $850 billion by 2040.