Should I Buy QBTS? QBTS 2026 Analysis

Should You Buy D-Wave Quantum Inc (QBTS) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

22.570

1 Day change

2.64%

52 Week Range

46.750

Analysis Updated At

2026/04/24

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D-Wave Quantum Inc (QBTS) is not a strong buy for a beginner investor seeking long-term growth at this moment. While the company has shown impressive revenue growth and is positioned in the promising quantum computing sector, it remains unprofitable with high competition and valuation concerns. Technical indicators and options data suggest a neutral sentiment, and there are no strong trading signals or recent influential purchases to support an immediate buy decision.

Technical Analysis

The MACD is positive but contracting, RSI is neutral at 51.714, and moving averages are converging, indicating no clear trend. The stock is trading near its pivot level of 18.515, with resistance at 21.831 and support at 15.2.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Options data shows a slightly bullish sentiment with a put-call ratio below 1, but the implied volatility percentile of 59.04 suggests moderate uncertainty.

Technical Summary

Sell

Buy

Positive Catalysts

The company reported a 179% revenue increase in 2025 and a 471% rise in customer contract bookings. Quantum computing is a high-growth industry with a projected market size of $850 billion by 2040.

Neutral/Negative Catalysts

Analysts have lowered price targets due to competitive pressures and valuation concerns. News highlights potential bubble risks in quantum computing stocks.

Financial Performance

In 2025/Q3, revenue increased by 99.95% YoY to $3.739 million, gross margin improved to 71.38%, but net income was -$139.99 million, reflecting a 516.35% YoY increase in losses. EPS remains negative at -0.41.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts are mixed. Northland initiated coverage with a Market Perform rating and a $22 price target, while Mizuho and others lowered price targets but maintained Outperform ratings, citing long-term quantum computing potential.

13 Analyst Rating

Wall Street analysts forecast QBTS stock price to rise

13 Buy

0 Hold

0 Sell

Strong Buy

Current: 22.570

Low

Averages

40.67

High

Current: 22.570

Low

Averages

40.67

High

Northland

initiated

$22

AI Analysis

2026-04-20

Reason

Northland

Price Target

$22

AI Analysis

2026-04-20

initiated

Reason

Northland initiated coverage of D-Wave Quantum with a Market Perform rating and $22 price target.

Northland

analyst

Market Perform

initiated

$22

2026-04-20

Reason

Northland

analyst

Price Target

$22

2026-04-20

initiated

Market Perform

Reason

As previously reported, Northland initiated coverage of D-Wave Quantum with a Market Perform rating and $22 price target. Quantum computing's market potential could be between $100B and $250B, estimates the analyst, who believes technology execution risk is "far less on an industry level." For that reason, the firm argues that investing across all quantum computing companies diversifies away the risk and assures participating in the "asymetrically positively skewed projected returns." Among the five quantum names on which the analyst launched coverage, it has Outperform ratings on IonQ, Quantum Computing and Xanadu Quantum and assigns Market Perform ratings to D-Wave Quantum and Rigetti Computing.

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QBTS Should I Buy

QBTS Should I Buy

Should You Buy D-Wave Quantum Inc (QBTS) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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