Key Takeaways Mizuho analyst upgraded QBTS price target to $35 from $29 while reaffirming Outperform rating D-Wave conducted its inaugural Analyst Day presentation on June 1, 2026, at NYSE he
Vijay Rakesh, an analyst at Mizuho Securities, increased his valuation on D-Wave Quantum (QBTS) to $35 per share from a previous $29 target on Monday, maintaining his Outperform stance after attending the company’s maiden Analyst Day presentation.
Shares of QBTS were changing hands at $23.37 when the analyst released his updated assessment, suggesting the revised target represents approximately 50% potential appreciation. The quantum computing stock currently trades about 50% beneath its yearly peak of $46.75 and has declined 10.6% since the start of the year.
Rakesh brings substantial credibility to his analysis — he holds the #4 position among 12,304 analysts monitored by TipRanks, boasting a 73% accuracy record and delivering an impressive 83.20% average return across his recommendations.
The company organized its first Analyst Day on June 1, 2026, at the New York Stock Exchange facilities. D-Wave utilized this forum to unveil a comprehensive dual-track quantum computing approach encompassing both its established annealing technology and an emerging gate-based quantum initiative.
The firm’s development timeline includes launching 17-qubit and 49-qubit platforms during late 2026 and throughout 2027, with a 181-qubit architecture scheduled for 2028. The 2028 release represents a milestone moment, as it will introduce the company’s inaugural error-corrected logical qubits.
Executive leadership outlined aggressive goals to decrease error rates by over 2,000-fold, positioning fault-tolerant quantum algorithms for deployment by 2030. Practical applications in quantum chemistry and quantum artificial intelligence are scheduled for 2032.
The organization refined its gate-based development schedule to achieve 10 logical qubits by 2030, subsequently expanding to 100 by 2032. Previously announced objectives remain unchanged.
D-Wave stands alone as the singular provider delivering both annealing and gate-based quantum computing solutions. Rakesh identifies this unique positioning as a significant competitive advantage in an increasingly competitive marketplace.
The addressable market for quantum computing solutions is projected to reach $450–850 billion by 2040. Gate-based architectures are anticipated to capture approximately 75% of this substantial opportunity, representing growth beyond annealing applications.
Regarding its annealing technology, D-Wave’s Advantage2 platforms are presently deployed commercially and utilized for optimization challenges including scheduling and logistics routing. System uptime exceeds 99.9%.
The organization showcased quantum error correction processing speeds below 5 microseconds and emphasized superior error-reduction performance compared to alternative methodologies.
D-Wave presented long-range gross margin objectives spanning 65–75% for its Quantum Computing as a Service offerings, 40–50% for Professional Services engagements, and 75–90% for Computing Systems sales.
The enterprise currently maintains a 66% gross profit margin and holds more cash reserves than outstanding debt obligations. Each QCaaS deployment is projected to produce $25–30 million in yearly revenue. D-Wave operates four quantum computing systems accessible via cloud infrastructure currently.
Research and development expenditures will continue representing the primary operational cost as the organization advances toward its 2030 qubit objectives.
In additional recent news, D-Wave revealed intentions to obtain $100 million in capital through the U.S. CHIPS and Science Act, distributing equity to the U.S. Department of Commerce as part of this program.
Rosenblatt and Stifel both reaffirmed Buy recommendations following the Analyst Day event, establishing price targets at $43 and $35 respectively.
QBTS currently holds a Strong Buy consensus rating on TipRanks derived from 12 Buy recommendations and one Hold rating. The consensus price target of $38.27 suggests 63.8% upside potential from present trading levels.
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