What is the short term forecast for qbts

``` The deep research logic is organized as follows: Okay, let's tackle this question about D-Wave Quantum (QBTS) short-term forecast. The user is interested in the stock's potential for short-term gains, given their focus on momentum stocks and technical analysis. First, I need to check the references provided. Looking at the references, there's a lot of recent analyst activity. B.Riley raised the price target to $22 from $20 . Cantor Fitzgerald and Benchmark also initiated or raised their targets to $20 . The average target is around $17.33, but recent upgrades have pushed it higher . The stock has surged recently, up 15.6% on July 23 , and volatility is high with weekly volatility around 6.38% . The earnings release is scheduled for August 14, 2025 , which is a key event. The company has a strong cash position from a $400M equity offering , which supports their runway to profitability. Also, partnerships and product launches like the Advantage2 system are positive catalysts. However, there's a risk of high valuation multiples and competition in quantum computing . The user profile mentions interest in quantum tech and short-term gains, so highlighting the upcoming earnings and analyst targets is crucial. Need to structure the answer with a conclusion, analysis, and key takeaways, using tables and visualizations where needed. Make sure to cite all relevant references properly and avoid any unsupported claims. ``` ### Conclusion 🚀 D-Wave Quantum (QBTS) presents a high-potential short-term opportunity driven by **recent analyst upgrades**, **strategic partnerships**, and **upcoming earnings**. However, **volatility risks** and **valuation concerns** must be carefully monitored. --- ### Analysis 📊 #### 1. **Recent Catalysts** - **Analyst Upgrades**: - B.Riley raised the price target to **$22** from $20 . - Cantor Fitzgerald and Benchmark initiated coverage with a **$20 price target** . - Average analyst target: **$17.33** (but recent upgrades push it higher) . - **Strategic Moves**: - Completed a **$400M equity offering** (cash position: $815M) . - Partnership with South Korea’s Yonsei University for quantum adoption . - Launch of **Advantage2 quantum system** . | Metric | Data (as of 2025-07-23) | |-----------------------|---------------------------| | Price Target (Avg) | $17.33 | | Cash Position | $815M | | Recent Price Change | +15.6% (July 23) | #### 2. **Key Risks** - **Valuation**: - PB ratio: **27.1x** (high vs. industry median) . - Price-to-TAM multiple: **0.9x** (up from 0.8x) . - **Competition**: - Gate-model bias in the U.S. market . - R&D-heavy burn rate ($11M quarterly) . - **Market Sentiment**: - Volatility: **6.38% weekly** (July 2025) . - Short-term overbought conditions . #### 3. **Short-Term Outlook** - **Earnings Catalyst**: - **August 14, 2025** earnings release . - Q2 2025 revenue expected: **$2.0M** (vs. consensus $2.54M) . - **Technical Setup**: - **Bullish MACD crossover** confirmed . - Price target upside: **+14% to $22** (B.Riley) . --- ### Key Takeaways 📝 - **Buy Signal**: Analyst upgrades and liquidity strength support a **bullish stance**. - **Hold Caution**: High valuation and competition risks require close monitoring. - **Target Price**: **$22** (B.Riley) vs. current price (~$20.3) . For a **short-term trade**, QBTS aligns with your interest in **quantum tech momentum** and **bullish technicals**. However, stay alert to **earnings surprises** and **market volatility**.