D-Wave Quantum (QBTS, Financial) and Davidson Technologies have reached a significant stage in their collaboration with the completion of the physical assembly of the D-Wave Advantage annealing quantum system at Davidson's headquarters in Huntsville, Alabama. With assembly now finalized, the focus shifts to installation, as the system undergoes final calibration and testing to ensure its readiness.
This development marks an important achievement in the partnership between D-Wave and Davidson, signaling Alabama's emerging role in the U.S. quantum infrastructure landscape. The Advantage2 system represents the first annealing quantum computer to be hosted on-premises in the state, paving the way for advancements in quantum optimization applications crucial to areas such as national defense.
The highly anticipated system will be housed in a secure facility tailored to operate sensitive applications using quantum technology. To celebrate this milestone, a private ribbon-cutting ceremony is scheduled for April 23 at Davidson’s headquarters, acknowledging the ongoing multi-year agreement and technological collaboration between the two companies.
In alignment with this initiative, Davidson has committed to enhancing its research and workforce expertise to facilitate the integration of hybrid quantum-classical solutions. These solutions aim to address complex challenges in domains like operational optimization, space asset management, and autonomous system coordination. The new system is also set to become a hub for collaborative research and potential partnerships with government, academic, and defense institutions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for D-Wave Quantum Inc (QBTS, Financial) is $9.90 with a high estimate of $12.00 and a low estimate of $8.50. The average target implies an upside of 58.40% from the current price of $6.25. More detailed estimate data can be found on the D-Wave Quantum Inc (QBTS) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, D-Wave Quantum Inc's (QBTS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for D-Wave Quantum Inc (QBTS, Financial) in one year is $0.86, suggesting a downside of 86.24% from the current price of $6.25. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the D-Wave Quantum Inc (QBTS) Summary page.
