D-Wave Quantum Inc.(QBTS)NASDAQ
Stock Overview & Analysis
D-Wave Quantum Inc. (QBTS) quick overview 2026-02-20
- The stock is currently trading at $18.06, experiencing a short-term pullback within a declining trend—trading below its 50-day average while below the 200-day.
- Analysts appear optimistic, with a 1-year price target of $39.17 (116.9% upside).
- Volatility is elevated (96.47% annualized), implying wide price swings.
- The fundamental story is nuanced: solid revenue growth (99.90% YoY) alongside significant competitive pressures.
Here's What You Need to Know Right Now
Concise, actionable context
D-Wave Quantum Inc. - Historical Price & Volume
Market Cap
Enterprise Value: $5.88B
P/E Ratio
Forward P/E: -84.08
Revenue Growth
Year over Year
Analyst Target
+116.9% upside potential
Key Investor Questions
Clarity over jargon
- Technicals say: Neutral (RSI 35.13)
- Fundamentals say: Caution warranted (high leverage concerns)
- Future growth will depend on performance in core Computer Hardware operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
- $39.79M in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Computer Hardware.
Trading Range
Over the past year, the stock traded between $4.45 and $46.75—recovering meaningfully from lows and currently near the higher end. Big swings are likely unless a major catalyst emerges.
Volatility
With 96.47% annualized volatility and β=1.57, the stock exhibits high sensitivity to market moves—suitable for investors comfortable with active risk management.
Ownership Snapshot
Lower institutional support combined with high short selling points to negative sentiment.
Analyst Sentiment
Latest News
Recent headlines and coverage
RGTI or QBTS: Top Analyst Selects the Top Quantum Computing Stock to Buy
Quantum computing may sound like science fiction, but it’s here today, and it represents the shiny new thing in high performance computing. Where classical computers make use of binary bytes to store data, quantum computers use the inherent superposition of subatomic states to create q-bits, bytes that are simultaneously on and off, 1 or 0. The result: a computing system that is naturally faster and higher performing. That additional capability, however, comes with meaningful trade-offs. Quantum
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Should You Buy D-Wave Stock Ahead of Q4 Earnings Release?
QBTS' Q4 2025 results are expected to reflect strong bookings and tech progress, but lofty valuation and margin pressure may cap upside.
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D-Wave Quantum Targets Real Revenue With Quantum Circuits Deal And QCaaS Contract
D-Wave Quantum (NYSE:QBTS) agreed to acquire Quantum Circuits, Inc., aiming to combine annealing and gate-model quantum technologies. The company also signed a $10 million, two-year Quantum Computing as a Service agreement with a Fortune 100 enterprise customer. Together, these moves highlight a shift toward real-world commercial use of D-Wave’s quantum systems. D-Wave Quantum, trading at $19.67, sits at the center of growing interest in practical quantum computing. The stock has seen very...
Frequently Asked Questions
Common investor questions about D-Wave Quantum Inc.
D-Wave Quantum Inc. (QBTS) is currently trading at $18.06. The RSI (14-day) is at 35.1, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $39.17 implies 116.9% upside from current levels. Volatility is high at 96.5% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for D-Wave Quantum Inc. (QBTS): The trailing P/E ratio is not available (the company may not be profitable). The forward P/E is -84.08. Price-to-Book is 9.81. Price-to-Sales is 291.26. Valuation should be compared to Computer Hardware industry peers for context, as different sectors trade at different multiples.
Based on 15 analysts covering QBTS, the consensus price target is $39.17. This represents a 116.9% upside from the current price of $18.06. The range spans from a low target of $22.54 to a high target of $48.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "strong_buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
D-Wave Quantum Inc. (QBTS) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for D-Wave Quantum Inc. (QBTS) investors include: 1. High volatility (96.5% annualized)—the stock can experience significant daily price swings. 2. The company is not currently profitable on a trailing basis, which creates earnings uncertainty. 3. Elevated short interest (16.0% of float) suggests significant bearish sentiment. 4. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 5. Computer Hardware sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is D-Wave Quantum Inc.'s (QBTS) current debt and financial health profile: Total debt stands at $39.79M. The debt-to-equity ratio is 5.93, which is conservative and indicates a strong balance sheet with low leverage. The current ratio is 54.68, indicating strong short-term liquidity. The quick ratio is 54.19. The company holds $836.23M in cash and equivalents. Free cash flow is negative at $-36,951,876, which could limit the company's ability to manage debt obligations.