D-Wave stock (QBTS) is discussed for its performance and future potential. The stock is up 167% year-to-date and 730% over the last 52 weeks but is trading at around $22.42. The analysis covers the company's overview: Founded in 1999 in Quantum Computing, its headquarters are in California with operations in both Canada and the USA and is also considered the grandfather of quantum computing. It covers the stock price in recent news. It covers the Financials and growth catalyst: D-Wave has an Advantage 2 system. It also offers cloud access through its Leap service and discusses risk and red flags: The gap between revenue and evaluation are presented and it can be overvalued. D-Wave Partnered to expand its reach in government sector including a partnership with Carahsoft.. Darpa's Quantum Computing Benchmarking initiative leaves out D-Wave systems and its quantum annealing. The analyst sees long time investors can often win. The target of eleven analysis is to get the stock to be a Strong Buy with a High Target Price of $48. The analysis focus is on the company's overview, stock price, financials, growth catalysts, risks, red flags, and Analyst Verdict.