BUY NOW? Puma, D-Wave, and Almonty Industries with 100% upside potential

Almonty: Analysts recommend buying

Almonty Industries shareholders had certainly imagined a different scenario for the Company's NASDAQ debut. After listing at USD 4.50, the tungsten gem's stock is currently trading at around USD 3.60. The only reason for the sharp correction can be a classic case of "sell on good news". After all, the stock, already listed in Canada and Germany, was trading at USD 1.50 at the beginning of the year. Fundamentally, nothing has changed in the past two weeks—quite the contrary. The entry of the US government and Apple into MP Materials highlights just how significant the interest is in critical raw materials from secure countries. In an interview following the NASDAQ IPO, Almonty CEO Lewis Black emphasized that tungsten is actually rarer than rare earths. The importance of this extremely hard material for defense, aerospace, and technology is existential.

Research studies published in recent days also show that Almonty is fundamentally poised for a bright future. Analysts at Alliance Global Partners expect Almonty to generate USD 142 million in revenue from tungsten mining and sales as early as next year, with earnings per share of USD 0.22. And that is before the mega mine in South Korea ramps up in 2026. Revenue and earnings are expected to rise sharply in the coming years. Analysts at Augsburg-based GBC Research project revenues of CAD 314 million and earnings per share of CAD 0.74 by 2027.

In an interview with Lyndsay Malchuk from Stockhousemedia, GBC analyst Matthias Greiffenberger commented on the apparent undervaluation of Almonty compared to MP Materials to interview.

Overall, this correction appears to offer patient investors a significant opportunity to enter or increase their position.

D-Wave: High flyer ahead of an important week

D-Wave has impressively demonstrated this year how quickly a stock can recover from a sharp correction without fundamental reasons. In January, the quantum high-flyer's stock lost almost two-thirds of its value, only to nearly triple by March. From mid-March to mid-April, it then halved again to EUR 5.40. The D-Wave share is currently back above EUR 16, close to its all-time high.

On August 7, 2025, D-Wave will report on its second-quarter performance. Experts at zacks.com expect sales of the new Advantage2 system to be reflected in the reporting period. Advantage2 is D-Wave's latest flagship product with technical improvements such as longer coherence time, faster annealing, and better error correction, enabling it to solve more complex optimization, AI, and materials research problems. According to the analysts at Zacks, another highlight in the quarterly report should be an increase in new customers.

Puma: Rebound after the crash?

Like Almonty, Puma's share price has also corrected sharply in recent days. However, there can be no talk of "Sell on good news" for the sporting goods group. There are fundamental reasons for this.

The Company shocked investors with a massive profit warning. Instead of the previously expected operating profit (EBIT) of between EUR 445 million and EUR 525 million, an operating loss will now likely have to be posted. The development in the second quarter shows where the journey is headed: Puma's revenue fell by around 8% to EUR 1.94 billion. This resulted in a net loss of over EUR 200 million. The fact that inventories rose by over 18% to EUR 2.15 billion is worrying for the coming quarters. If the goods are not sold, discount campaigns and write-downs are likely. The new CEO, Arthur Hoeld, has announced a change in strategy. This will be presented in October and is therefore unlikely to have any effect until next year at the earliest.

Analysts currently see little opportunity for Puma. The price targets have been slashed. Deutsche Bank reduced the fair value of Puma shares from EUR 34 to EUR 20. Analysts have withdrawn their "Buy" recommendation and now rate the stock as "Hold."

UBS had already rated Puma as "Sell" before the profit warning. Following the announcement, analysts have reduced their target price again from EUR 19.10 to EUR 16.30. Puma shares are currently trading at EUR 20.30.

Buying or adding to Almonty shares should pay off soon. The fundamentals are strong, and the valuation discount to MP Materials is huge. This insight should also prevail on the NASDAQ. D-Wave is the core investment in the quantum sector. The stock is very volatile, but the trend is clearly upward. Puma does not currently present an obvious buying opportunity. A rebound is not in sight, as the operational problems appear to be too serious.