D-Wave Quantum Stock Forecast: Bullish Momentum Amid Strong Sector Growth and Analyst Support

Technical Analysis

D-Wave Quantum (QBTS) closed at $15.71 on June 18, 2025, up 1.03% from the prior session. The intraday range remained relatively contained between $15.20 and $16.25, sitting below the critical resistance at $16.56 and just above support at $15.36. The 14-day RSI stands at 47, indicating a neutral momentum without overbought or oversold conditions. The 50-day and 200-day moving averages are $11.84 and $6.21 respectively, confirming a strong uptrend as the current price trades well above both. The MACD at 2.24 strongly supports bullish momentum over the past three months. However, the notably high ATR of 9.75 hints at elevated price volatility. The stop-loss near $14.96 provides a technical risk barrier just below current support. Market volume at 49.12 million trails the 69.34 million average, reflecting slightly subdued trading interest amid recent gains.

For the next trading day (June 20, 2025), QBTS is likely to experience a modest bullish continuation within the established range, testing resistance near $16.56, supported by underlying momentum and positive market sentiment in technology and quantum computing stocks. Over the coming week, barring unforeseen market shocks, the stock could gradually approach the $18-$20 range given recent analyst upgrades and strong sector tailwinds.

Fundamental Analysis

QBTS exhibits negative trailing twelve-month EPS of -$0.66 and a negative P/E ratio of -23.80, reflecting ongoing unprofitability typical of early-stage quantum technology firms investing heavily in R&D and market expansion. The discounted cash flow (DCF) valuation at approximately -$0.29 suggests that intrinsic value based strictly on current cash flows remains negative, pointing to a valuation heavily driven by future growth expectations rather than present earnings.

Market capitalization of $4.85 billion values QBTS at a premium relative to its current fundamental metrics, justified by its leadership in quantum computing technology and accelerating revenue growth—as corroborated by recent positive news highlighting technology strides and expanding partnerships, such as the MOU with Yonsei University. Analysts uniformly assign a consensus price target of $20, reflecting an approximate 27% upside from current levels. The sentiment is unanimously classified as a “Buy” with eight analysts in support and no hold or sell ratings.

The stock is nearing its 52-week high of $19.77, after surging from a low of $0.75 earlier in the year, indicating strong investor appetite amid growing market recognition of quantum computing’s potential. Upcoming earnings on August 6, 2025, could act as a catalyst depending on revenue and margin progress.

Long-term investment potential lies in QBTS’s strategic positioning within an emerging technology sector with significant secular growth drivers. While current profitability is lacking, the company’s innovation trajectory and industry validation position it well to capture increasing quantum computing market share. Risks remain high given technological uncertainties and capital intensity, but the asymmetric upside potential makes QBTS appealing for growth-focused investors with a multi-year horizon.

Intrinsic Value and Outlook

Current intrinsic valuation metrics suggest undervaluation from a cash flow standpoint; however, this does not factor in potential breakthrough commercialization or significant contract wins. The stock’s premium price implies strong expectations for future revenue scalability and market leadership. Given the consensus price target of $20, the market values QBTS with an implicit growth premium.

Short-term catalysts include steady sector momentum, supportive technicals, and stable market conditions. Medium to longer-term bullish drivers revolve around technology adoption, expanding strategic partnerships, and the maturation of quantum computing applications.

Overall Evaluation

QBTS aligns as a Buy candidate based on its robust technical momentum, positive sector outlook, and optimistic analyst consensus. Despite negative earnings and current cash flow deficits, the stock’s premium valuation reflects confidence in the company’s growth prospects and industry-leading position. Short-term trading should monitor support at $15.36 and resistance near $16.56, with a breakout above resistance likely setting the stage to approach the $18-$20 target range over the next week. Long-term investors are positioned to benefit if D-Wave Quantum delivers on execution and the quantum computing market expands as projected, though volatility and execution risks persist.