Should I Buy QBTS? QBTS 2026 Analysis

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

Conclusion

Buy

Latest Price

23.220

1 Day change

-7.01%

52 Week Range

46.750

Analysis Updated At

2026/01/26

D-Wave Quantum Inc (QBTS) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong growth trajectory, positive analyst sentiment, and significant advancements in quantum computing technology position it well for future gains. Despite short-term technical weakness, the long-term outlook and industry potential outweigh immediate concerns.

Technical Analysis

The MACD histogram is negative (-0.405) and expanding downward, indicating bearish momentum. RSI is at 34.088, which is neutral but leaning towards oversold territory. Moving averages are converging, showing no clear trend. The stock is trading near its key support level (S1: 25.491), suggesting limited downside risk in the short term.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Analysts have consistently raised price targets, with the latest target as high as $46, reflecting strong confidence in the company's growth potential.
Recent acquisitions and technical breakthroughs, such as on-chip cryogenic control and Quantum Circuits deal, strengthen the company's competitive position.
Revenue growth of 99.95% YoY in Q3 2025 and a projected 200% sales growth in 2026 highlight robust financial performance and market demand.
The company's leadership in quantum annealing and its first-mover advantage in commercial quantum computing are significant long-term drivers.

Neutral/Negative Catalysts

The stock is currently in a bearish technical trend, with negative MACD and trading near support levels.
The company is not expected to achieve profitability until 2029, which may deter some investors.
Pre-market price has declined slightly (-0.43%), reflecting short-term bearish sentiment.

Financial Performance

In Q3 2025, D-Wave Quantum reported revenue of $3.739M, up 99.95% YoY, and a gross margin of 71.38%, up 27.97% YoY. While net income remains negative (-$139.986M), it improved significantly by 516.35% YoY. EPS also improved to -0.41, up 272.73% YoY. The company is showing strong growth trends but remains unprofitable.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts are overwhelmingly positive on QBTS, with multiple firms initiating coverage with Buy or Outperform ratings and price targets ranging from $35 to $46. Analysts highlight the company's strong market position, technological advancements, and significant growth potential in the quantum computing industry.

13 Analyst Rating

Wall Street analysts forecast QBTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is 40.67 USD with a low forecast of 35 USD and a high forecast of 48 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

13 Buy

0 Hold

0 Sell

Strong Buy

Current: 24.970

Low

Averages

40.67

High

Current: 24.970

Low

Averages

40.67

High

Rosenblatt

Buy

maintain

$40 -> $43

AI Analysis

2026-01-09

Reason

Rosenblatt

Price Target

$40 -> $43

AI Analysis

2026-01-09

maintain

Buy

Reason

Rosenblatt raised the firm's price target on D-Wave Quantum to $43 from $40 and keeps a Buy rating on the shares. The company executed a "one-two punch" with a $550M acquisition and technical breakthrough, the analyst tells investors in a research note. The firm believes D-Wave "significantly strengthened" its long-term position with demonstrating on-chip cryogenic control. The Quantum Circuits deal secures "superior" error correction capabilities, adds Rosenblatt.

Wedbush

Outperform

initiated

$35

2025-12-17

Reason

Wedbush

Price Target

$35

2025-12-17

initiated

Outperform

Reason

Wedbush initiated coverage of D-Wave Quantum with an Outperform rating and $35 price target. While still in its infancy, the firm sees broad commercial adoption as being the next major catalyst for the industry and for D-Wave in particular since its annealing systems are ready for commercial use today. The combination of D-Wave's large addressable market and significant real-world benefits from optimization that can be applied across many industries and verticals, coupled with expected energy efficiencies, make D-Wave Quantum a compelling investment, Wedbush argues.

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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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