QBTSTechnology · Computer HardwareThe 17 Wall Street analysts covering D-Wave Quantum, Inc. hold a median 12-month price target of $36 — +146.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 19 of 100 as at 8 Oct 2026 — in the weakest quartile. The Street sees upside; the factor read is a caution. That gap is the story on this page.
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.
Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested
Quality (53): The business earns solid, repeatable profits on what it owns.
Issuance (24): The company has been issuing shares or taking on financing, diluting existing holders.
Size (22): 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.
The bullish and bearish analyst opinions on QBTS, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +146.6% from it.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 7 Aug 2026 | Rosenblatt | Maintains | Buy | — |
| 28 July 2026 | Rosenblatt | Maintains | Buy | — |
| 27 July 2026 | Benchmark | Initiates | Buy | $30 |
| 27 July 2026 | Benchmark | Initiates | Buy | — |
| 15 June 2026 | Mizuho | Maintains | Outperform | — |
| 15 June 2026 | Mizuho | Maintains | Outperform | $29 → $35 |
| 11 June 2026 | Rosenblatt | Maintains | Buy | — |
| 11 June 2026 | Rosenblatt | Maintains | Buy | $43 |
| 2 June 2026 | B. Riley Securities | Maintains | Buy | — |
| 2 June 2026 | Needham | Reiterates | Buy | — |
| 2 June 2026 | Rosenblatt | Maintains | Buy | — |
| 2 June 2026 | Roth Capital | Maintains | Buy | — |
| 13 May 2026 | Canaccord Genuity | Maintains | Buy | — |
| 13 May 2026 | Cantor Fitzgerald | Reiterates | Overweight | — |
| 13 May 2026 | Mizuho | Maintains | Outperform | — |
| 13 May 2026 | Needham | Reiterates | Buy | — |
| 13 May 2026 | Rosenblatt | Maintains | Buy | — |
| 27 Feb 2026 | Evercore ISI Group | Maintains | Outperform | — |
| 27 Feb 2026 | Mizuho | Maintains | Outperform | — |
| 27 Feb 2026 | Roth Capital | Maintains | Buy | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 8 Oct 2026, D-Wave Quantum, Inc. returned −57.4% against +16.2% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 95% of US stocks
Cheaper than 2% of US stocks
Cheaper than 19% of US stocks
Cheaper than 92% of US stocks
Higher than 27% of US stocks
Higher than 35% of US stocks
Higher than 68% of US stocks
Higher than 4% of US stocks
Higher than 98% of US stocks
Higher than 28% of US stocks
Higher than 26% of US stocks
Higher than 1% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $5.8B and an enterprise value of $5.4B.
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.
Trailing P/E: −13.7×; forward P/E: −40.3× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 0.00%, paying out 0% of earnings.
D-Wave Quantum, Inc. employs 382 people — $33K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
Zacks Investment Research highlighted Semtech and D-Wave Quantum as having catalysts for strong Q3 earnings growth, citing rising quantum bookings and government funding for D-Wave.
Why it matters — QBTS watchers may note the report's focus on rising quantum bookings and government funding as potential catalysts.
The Motley Fool discusses whether to buy four quantum-computing stocks before 2027, describing D-Wave, IonQ, and Rigetti as unprofitable but holding enough cash to pursue their goals for some time. It characterizes quantum-computing stocks as expensive and risky, contrasting them with IBM’s more mature, slower-growth profile.
Why it matters — The article frames D-Wave as a cash-funded but unprofitable quantum-computing pure play in a sector it considers risky and expensive.
The Motley Fool compared D-Wave Quantum and Rigetti Computing, noting D-Wave's nearly 180% FY 2025 revenue growth and large blue-chip customer base, while Rigetti has a nearly debt-free balance sheet and focuses on full-stack quantum-classical integration.
Why it matters — The comparison highlights D-Wave's reported growth and customer base alongside a competitor's distinct financial position and technology focus.
The headline says D-Wave Quantum shares have fallen sharply in 2026, while one Wall Street analyst maintains a price target implying a potential 170% return by 2027.
Why it matters — QBTS watchers may note the contrast between the stock’s reported decline and the analyst’s substantially higher price target.
D-Wave Quantum entered the third quarter with surging bookings, CHIPS funding, a Nature research advance, and expanded AT&T use, which the article identifies as key growth catalysts.
Why it matters — These developments are relevant to QBTS watchers tracking the company’s bookings, funding, research progress, and customer adoption.
The 17 Wall Street analysts covering D-Wave Quantum, Inc. have a median 12-month price target of $36, with estimates ranging from $18 to $43. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 17 analysts covering D-Wave Quantum, Inc., 15 rate it a Buy, 2 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 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 8 Oct 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 (53 of 100).
No one can know that. What the data says: the median 12-month target from 17 analysts implies +146.6% from the last close, and Ticker Nerd's factor model ranks D-Wave Quantum, Inc. 19 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $18 to $43 over the next 12 months.
D-Wave Quantum, Inc. returned -57.4% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
D-Wave Quantum Inc. is a quantum computing company that develops and delivers quantum computing systems, software, and services for enterprises and developers.
The most recent item we track (Zacks Investment Research, 8 Oct 2026): "2 AI and Quantum Stocks Set for Strong Q3 Earnings Growth". Zacks Investment Research highlighted Semtech and D-Wave Quantum as having catalysts for strong Q3 earnings growth, citing rising quantum bookings and government funding for D-Wave.
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
