D-Wave Quantum Inc (QBTS) is not a strong buy for a beginner, long-term investor at this time. While the company shows promising growth in revenue and leadership in quantum computing, the current technical indicators, mixed analyst sentiment, and lack of strong trading signals suggest holding off on immediate investment. The stock's recent performance and financials indicate potential, but the lack of a clear upward trend and missed earnings expectations make it less compelling for immediate entry.
The MACD is positive and expanding, indicating bullish momentum. However, the RSI is neutral at 46.718, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading near its pivot level of 19.262, with resistance at 20.958 and support at 17.566. Overall, the technical indicators suggest a mixed trend with no strong buy signal.

Revenue increased by 179% YoY in Q4, showcasing strong growth.
Analysts highlight D-Wave's leadership in quantum annealing and its expanding total addressable market.
Recent acquisitions, such as Quantum Circuits, enhance its technological capabilities and market position.
The company missed Q4 earnings expectations with a loss of $0.09 per share.
The stock has bearish moving averages and lacks a clear upward trend.
Analysts have lowered price targets recently, reflecting concerns about incremental operating expenses.
In Q4 2025, revenue grew by 179% YoY to $24.6 million, but the company reported a net loss of $0.09 per share. Gross margin improved significantly to 71.38%, indicating better cost management. However, the company continues to operate at a loss, and its financials remain in a growth-focused but unprofitable phase.
Analysts maintain a generally positive outlook with multiple Buy and Outperform ratings. However, recent price target reductions (e.g., Mizuho to $40 from $46, Evercore ISI to $42 from $44) reflect concerns about operating expenses and near-term challenges. Analysts remain optimistic about the company's long-term potential in quantum computing.