D-Wave Quantum Price Targets Reduced to $42/$40 Following Q4 EPS and Revenue Shortfall
Evercore ISI cut D-Wave Quantum’s price target to $42 from $44 while Mizuho lowered its target to $40 from $46, both maintaining Outperform ratings. Q4 adjusted EPS missed at $(0.09) vs $(0.06) estimate, revenue of $2.75M trailed $3.74M forecast despite $13.4M bookings.
1. Analyst Price Target Revisions
In late February, Evercore ISI trimmed D-Wave Quantum’s price target to $42 from $44 and Mizuho reduced its target to $40 from $46, with both firms retaining Outperform ratings to reflect ongoing confidence despite adjusted financial projections.
2. Q4 Financial Performance
D-Wave reported adjusted EPS of $(0.09) and revenue of $2.75M in its fourth quarter, missing consensus $(0.06) and $3.74M estimates, though bookings reached $13.4M, driven by renewed customer commitments and cloud service agreements.
3. Strategic Momentum for 2026
CEO Alan Baratz highlighted over $30M in January bookings, the acquisition of Quantum Circuits Inc., and an eight-figure enterprise QCaaS contract as key catalysts positioning the company for “defining” growth and enhanced market leadership this year.