QBTS Stock Price Today (May 2026) — D-Wave Quantum Inc. Analysis & Key Metrics 2026-05-22
D-Wave Quantum Inc. (QBTS) is trading at $29.40, up 14.22% today (as of May 2026). The stock continues to show sustained strength above key moving averages, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $35.77 (21.7% upside).
- Volatility remains elevated (137.05% annualized), implying wide price swings for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (19.20% YoY) alongside significant competitive pressures.
QBTS Stock Analysis: Key Metrics & Valuation (May 2026)
Concise, actionable data for investors
D-Wave Quantum Inc. - Historical Price & Volume
Market Cap
Enterprise Value: $6.74B
P/E Ratio
Forward P/E: -55.38
Revenue Growth
Year over Year
Analyst Target
+21.7% upside potential
Key Investor Questions About QBTS
What investors need to know before buying
Based on current market data, QBTS presents a overbought technical setup with caution warranted fundamentals.
- Technicals say: Overbought (RSI 72.46)
- Fundamentals say: Caution warranted (high leverage concerns)
QBTS's growth trajectory depends on its ability to expand within the Computer Hardware sector while managing margin pressures.
- Future growth will depend on performance in core Computer Hardware operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for QBTS investors include debt exposure and competitive dynamics in the Computer Hardware industry.
- $43.46M in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Computer Hardware.
52-Week Trading Range
Over the past year, QBTS stock traded between $6.82 and $46.75—recovering meaningfully from lows and currently near the higher end. Big swings are likely unless a major catalyst emerges.
Volatility & Risk Profile
With 137.05% annualized volatility and β=1.77, the stock exhibits high sensitivity to market moves—making QBTS suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
Lower institutional support combined with high short selling points to negative sentiment.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines and coverage
D-Wave Quantum (QBTS) Soars 14.2% on Govt Backing
D-Wave Quantum Inc. (NYSE:QBTS) is one of the 10 Stocks Effortlessly Climbing Double-Digits. D-Wave extended its winning streak to a third consecutive day on Friday, surging 14.22 percent to close at $29.40 apiece, as investors resumed buying positions after the company earned a $100-million financial backing from the US government to support quantum computing development. […]
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D-Wave Quantum (QBTS) Is Up 44.5% After Equity-Based CHIPS Funding Deal - Has The Bull Case Changed?
D-Wave Quantum Inc. previously signed a letter of intent with the U.S. Department of Commerce to issue common shares in exchange for US$100,000,000 of CHIPS and Science Act funding, with the government receiving a minority, non-controlling equity stake as part of a wider US$2.01 billion quantum initiative. This move effectively turns part of D-Wave’s government support into equity capital, highlighting both the importance Washington places on quantum computing and the potential dilution...
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Is D-Wave Quantum Stock a Buy After a 50% Gain This Week?
A $100 million grant will help pave the way for commercialization of D-Wave's gate-model quantum systems.
D-Wave Quantum Is Skyrocketing Today -- Is the Stock a Buy Right Now?
A new round of support from the U.S. government has investors feeling bullish on D-Wave.
Quantum stocks surge as US govt. invests $2B, takes equity stakes
Quantum computing stocks IBM (IBM), D-Wave Quantum (QBTS), Rigetti Computing (RGTI), and Infleqtion (INFQ) — the latter three are all up by over 40% over the last five sessions — after the US Commerce Department announced it will award $2 billion in grants and take equity stakes in these companies. Market Catalysts Host Julie Hyman breaks down take the details of the US government's investment in these firms, citing comments from IBM's vice president of quantum adoption Scott Crowder. She also uses AlphaSpace — Yahoo Finance's new investing platform — to take a closer look at the quantum landscape. Earlier this week, Yahoo Finance launched AlphaSpace, a premium investment platform that combines data, charting, news, analysis, and more to help retail investors understand markets.
Frequently Asked Questions
Common investor questions about D-Wave Quantum Inc.
D-Wave Quantum Inc. (QBTS) is currently trading at $29.40. The RSI (14-day) is at 72.5, indicating overbought territory (potentially overheated). Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $35.77 implies 21.7% upside from current levels. Volatility is high at 137.1% 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 -55.38. Price-to-Book is 8.62. Price-to-Sales is 308.70. 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 $35.77. This represents a 21.7% upside from the current price of $29.40. The range spans from a low target of $19.58 to a high target of $45.00, 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 (137.1% 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 $43.46M. The debt-to-equity ratio is 5.10, which is conservative and indicates a strong balance sheet with low leverage. The current ratio is 42.38, indicating strong short-term liquidity. The quick ratio is 42.05. The company holds $884.48M in cash and equivalents. Free cash flow is negative at $-57,992,124, which could limit the company's ability to manage debt obligations.