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QBTSQBTSTechnology · Computer Hardware

QBTS Stock Forecast: D-Wave Quantum, Inc. Price Predictions for 2026-2027

Last close, 4 Sept 2026
$17
−1.43% on the day

The 17 Wall Street analysts covering D-Wave Quantum, Inc. hold a median 12-month price target of $36 — +117.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 19 of 100 as at 5 Sept 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.

Market cap
$6.2B
Ticker Nerd rank
19 / 100
Median analyst target
$36
Analysts covering
17
Revenue$3.1M−0.6% y/y
Operating income−$53.3M
Net income−$48.0M
Free cash flow−$33.1M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−2.4%
1M
−24.0%
YTD
−36.6%
1Y
+8.4%
From 52W high
−63.0%
From 52W low
+27.7%
$13
$45
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

QBTS stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores D-Wave Quantum, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 5 Sept 2026
19 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
51
Momentum
48
Accruals
47
Revisions
42
Value
38
Growth
31
Issuance
24
Volatility
23
Size
21

Quality (51): The business earns solid, repeatable profits on what it owns.

Volatility (23): The share price moves around a lot.

Size (21): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

QBTS stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on QBTS, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$10$15$20$25$30$35$40$45Oct 25Jan 26Apr 26Jul 26QBTSHigh $43Median $36Low $22

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says17 analysts
16 Buy1 Hold0 Sell
Low $22Median $36High $43

The green dot is the last close — the median target sits +117.1% from it.

Recent analyst actionsNewest first
DateFirmActionRatingTarget
7 Aug 2026RosenblattMaintainsBuy—
28 July 2026RosenblattMaintainsBuy—
27 July 2026BenchmarkInitiatesBuy$30
27 July 2026BenchmarkInitiatesBuy—
15 June 2026MizuhoMaintainsOutperform—
15 June 2026MizuhoMaintainsOutperform$29 → $35
11 June 2026RosenblattMaintainsBuy—
11 June 2026RosenblattMaintainsBuy$43
2 June 2026B. Riley SecuritiesMaintainsBuy—
2 June 2026NeedhamReiteratesBuy—
2 June 2026RosenblattMaintainsBuy—
2 June 2026Roth CapitalMaintainsBuy—
13 May 2026Canaccord GenuityMaintainsBuy—
13 May 2026Cantor FitzgeraldReiteratesOverweight—
13 May 2026MizuhoMaintainsOutperform—
13 May 2026NeedhamReiteratesBuy—
13 May 2026RosenblattMaintainsBuy—
27 Feb 2026Evercore ISI GroupMaintainsOutperform—
27 Feb 2026MizuhoMaintainsOutperform—
27 Feb 2026Roth CapitalMaintainsBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. QBTS appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

QBTS vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 4 Sept 2026, D-Wave Quantum, Inc. returned +8.4% against +20.0% for the S&P 500, dividends included.

QBTS vs S&P 500, last 12 monthsTotal return, rebased to 100
100150200250Oct 25Jan 26Apr 26Jul 26QBTSS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

QBTS analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
3
Analysts cutting
3
Fundamentals

D-Wave Quantum, Inc. (QBTS) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
−14.9×

Cheaper than 95% of US stocks

Price / sales
497.0×

Cheaper than 2% of US stocks

Price / book
5.7×

Cheaper than 18% of US stocks

EV / EBITDA
−35.2×

Cheaper than 92% of US stocks

Growth & margins
Revenue growth (YoY)
−0.6%

Higher than 27% of US stocks

Earnings growth (YoY)
−0.6%

Higher than 35% of US stocks

Gross margin
55.4%

Higher than 68% of US stocks

Operating margin
−1732.1%

Higher than 4% of US stocks

Net margin
82.6%

Higher than 98% of US stocks

Returns & dividend
Return on equity
−28.0%

Higher than 28% of US stocks

Return on assets
−10.7%

Higher than 26% of US stocks

Dividend yield
—

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

D-Wave Quantum, Inc. (QBTS) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • D-Wave Quantum, Inc. has a market value of $6.2B and an enterprise value of $5.7B.

  • Revenue in the twelve months to 30 June 2026: $12.4M. The latest quarter shrank 0.6% year on year.

  • Net income over the same four quarters: −$248.7M, a −2001.6% net margin.

  • Diluted earnings per share, trailing twelve months: $−0.71.

  • Free cash flow in the twelve months to 30 June 2026: −$119.8M, after $679K of capital spending.

  • Shares outstanding: 372.0M.

  • Trailing P/E: −14.9×; forward P/E: −43.8× — the forward figure prices analyst consensus estimates, not reported earnings.

  • D-Wave Quantum, Inc. employs 382 people — $33K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 8 Sept 2026

Data provided by Twelve Data

Peers

QBTS vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelComputer Hardware
CompanyMarket capTKN rank
QBTSD-Wave Quantum, Inc.$6.2B
19
RGTIRigetti Computing, Inc.$5.1B
34
IONQIonQ, Inc.$15.7B
15
QUBTQuantum Computing, Inc.$1.8B
23
ADIGADI Global Distribution, Inc.$1.6B
0
SMCISuper Micro Computer, Inc.$25.6B
38
CRSRCorsair Gaming, Inc.$1.4B
95

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own D-Wave Quantum, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest QBTS news & analysis

QBTS Investor Alert: Kessler Topaz Meltzer & Check, LLP Encourages QBTS Investors with Losses to Contact the Firm

PRNewsWire · 6 Sept 2026negative

A securities litigation law firm, Kessler Topaz Meltzer & Check, announced it is investigating potential violations of federal securities laws by D-Wave Quantum Inc. on behalf of investors who purchased the company's securities and suffered significant financial losses.

Why it matters — The investigation signals potential legal exposure and securities-law concerns for D-Wave that could be material to current QBTS shareholders.

NASDAQ: QBTS Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages D-Wave Quantum Inc. (QBTS) Investors to Contact the Firm

Business Wire · 3 Sept 2026negative

Kessler Topaz Meltzer & Check, LLP announced it is investigating potential federal securities law violations by D-Wave Quantum Inc. on behalf of investors who purchased the company's securities and experienced significant losses. The investigation follows D-Wave's disappointing second-quarter financial results reported on August 6, 2026.

Why it matters — A securities litigation firm is investigating D-Wave, and the probe follows disappointing financial results, which could signal legal and reputational risk for the company.

Will the Most Successful Quantum Firms Be Software Companies?

MarketBeat · 2 Sept 2026neutral

The article discusses the quantum computing investment landscape, noting that focus has largely been on hardware with companies racing to improve qubit counts and error rates. It also highlights ongoing debate over which architecture—such as annealing or trapped-ion—is most promising, raising the question of whether the most successful quantum firms will ultimately be software companies.

Why it matters — A QBTS watcher would care because the piece examines whether quantum value creation may shift from hardware-centric approaches like D-Wave's annealing systems toward software, which could shape the competitive landscape and market perception of the company.

Prediction: If a September Sell-Off Hits Speculative AI Stocks, Quantum Computing Falls First

The Motley Fool · 1 Sept 2026negative

The Motley Fool article predicts that if a September sell-off hits speculative AI stocks, quantum computing stocks including D-Wave Quantum would fall first. It notes that during roughly 74% of days in 2026 when the tech sector declined, quantum computing stocks fell harder than the Nasdaq-100, and highlights that these firms trade at extremely high forward sales multiples.

Why it matters — The piece signals that D-Wave Quantum shares may be especially vulnerable to a broader tech-sector pullback, given their high valuations relative to forward sales.

QUBT vs. QBTS: Which Quantum Stock Should You Buy or Sell Now?

Zacks Investment Research · 31 Aug 2026negative

Zacks Research compared QUBT and QBTS, noting both stocks face post-earnings weakness. The report says QUBT has an edge over QBTS due to stronger revenue growth, better liquidity, and a lower valuation.

Why it matters — QBTS watchers would care because the analysis positions competitor QUBT as more attractive on growth, liquidity, and valuation, casting QBTS in a less favorable light within the quantum sector.

FAQ

Frequently asked questions about QBTS stock

What is the QBTS stock price forecast for 2026-2027?

The 17 Wall Street analysts covering D-Wave Quantum, Inc. have a median 12-month price target of $36, with estimates ranging from $22 to $43. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is QBTS stock a buy right now?

Of the 17 analysts covering D-Wave Quantum, Inc., 16 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks D-Wave Quantum, Inc. 19 out of 100 across roughly 4,600 US stocks as at 5 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank QBTS?

As at 5 Sept 2026, D-Wave Quantum, Inc. ranks 19 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (51 of 100).

Will QBTS stock go up?

No one can know that. What the data says: the median 12-month target from 17 analysts implies +117.1% from the last close, and Ticker Nerd's factor model ranks D-Wave Quantum, Inc. 19 out of 100 as at 5 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the QBTS stock forecast for 2030?

No analyst covering D-Wave Quantum, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for QBTS are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $22 to $43 over the next 12 months.

How has QBTS stock performed over the past year?

D-Wave Quantum, Inc. returned +8.4% over the 12 months to 4 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does D-Wave Quantum, Inc. do?

D-Wave Quantum Inc. is a quantum computing company that develops and delivers quantum computing systems, software, and services for enterprises and developers.

What is the latest news on QBTS?

The most recent item we track (PRNewsWire, 6 Sept 2026): "QBTS Investor Alert: Kessler Topaz Meltzer & Check, LLP Encourages QBTS Investors with Losses to Contact the Firm". A securities litigation law firm, Kessler Topaz Meltzer & Check, announced it is investigating potential violations of federal securities laws by D-Wave Quantum Inc. on behalf of investors who purchased the company's securities and suffered significant financial losses.

Company

About D-Wave Quantum, Inc.

D-Wave Quantum Inc. is a quantum computing company that develops and delivers quantum computing systems, software, and services for enterprises and developers. Its product suite includes Advantage and Advantage 2 quantum computers, the Leap cloud platform for remote access to quantum systems and hybrid solvers, and Ocean, an open-source set of developer tools and software development kits. The company also provides professional services to help customers identify, design, and implement quantum applications across areas such as optimization, scheduling, logistics, routing, drug discovery, and industrial planning. D-Wave Quantum Inc. focuses on practical quantum computing solutions that combine quantum and classical resources for enterprise-scale workloads. Headquartered in Palo Alto, California, and founded in 1999, the company serves a global market through cloud-based access, software tools, and application support.

CEO Dr. Alan E. Baratz Ph.D. · 382 employees · United States · https://www.dwavequantum.com