D-Wave Quantum (QBTS.US) Price Target 2026/2027: 120% Upside – Rating and Stock Analysis

15.79
Price history for D-Wave Quantum (QBTS.US) – stock price at $15.79, October 2026
D-Wave Quantum stock price – price development 2026. Updated Oct 7, 2026.
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D-Wave Quantum Price Target 2026: Analysts See 119% Upside

The average price target for D-Wave Quantum is $34.65. This price target represents the analysts' view of the stock price over the next 12 months. The stock may be undervalued, because the price target is higher than the current price. The stock is 119.44% below the target, which can point to potential returns within the next 12 months if the analysts' view proves right. Also consider the stock's valuation ratios such as P/E, P/S and P/B, plus the technical analysis further down the page, for the full picture.

Is D-Wave Quantum overvalued or undervalued?

D-Wave Quantum is currently undervalued with a gap of 119.4% relative to the price target.


The current price is $15.79, which places D-Wave Quantum in the undervalued category. The stock is considered undervalued when the price is below $31.19, and overvalued when the price exceeds $38.12.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For D-Wave Quantum, the fair value range lies between $31.19 and $38.12.


See the full price target analysis for D-Wave Quantum →

Analyst Ratings for D-Wave Quantum stock in 2026: Strong Buy

6 analysts cover D-Wave Quantum. There is broad agreement on a positive view — 100% recommend buying. The average price target is $34.65, which gives an upside of 119.4% from the current price.

Consensus: Strong Buy (4.50/5)
Strong Buy
3 (50%)
Buy
3 (50%)
Strong Sell Sell Hold Buy Strong Buy
4.50 out of 5 based on 6 analysts

About D-Wave Quantum – Computer Hardware

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a developer community. It provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation. The company's quantum solutions are used in scheduling, mobility, logistics, drug discovery, portfolio optimization, manufacturing processes, and other. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada. Read more about the company

Key Figures for D-Wave Quantum

$6.3B Market cap
$12.4M Revenue
Computer Hardware Industry
- P/E
506.27 P/S
5.89 P/B
United States Listed on exchange

What kind of stock is D-Wave Quantum?

Speculative stock

D-Wave Quantum is classified as a speculative stock.

Score Overview for D-Wave Quantum

💰 Value Score 7/100 (Very Low)
⭐ Quality Score 11/100 (Very Low)
🚀 Momentum Score 8/100 (Very Low)
📊 Total Score 8/100

⚠️ 4 red flags identified 3 critical

Our analysis has identified 4 potential risk factors in D-Wave Quantum that investors should be aware of.

⚠️ High debt: The debt-to-equity ratio is 219% – the company carries considerably more debt than equity, which raises the financial risk.
🚨 Weak financial health: The Piotroski score is only 1/9 – the company shows signs of weakened profitability, liquidity or capital structure.
🚨 Negative return on equity: ROE is -28.0% – the company is generating a negative return for shareholders.
🚨 High short interest: 20.3% of the shares are sold short – many professional investors are betting on price declines.

📈 Valuation

The P/S ratio is 506.3 (high — the market pays a premium for the revenue). The P/B ratio is 5.9.

🏦 Financial Health

The Piotroski score is 1 out of 9 — weak financial health, be careful. Altman Z2 is 13.58 (healthy balance sheet — low risk). The debt-to-equity ratio (D/E) is 219.0% — high debt, which raises the risk.

🚀 Momentum & Short Interest

Short interest is 20.34% — very high, the market is skeptical.

Insider Trading in D-Wave Quantum 2026: The Signal Is negative

In 2026, insiders at D-Wave Quantum have made 20 transactions, all of which were sales. On a net basis, insiders took $23,798,417 out of the stock. Active insiders include DiLullo John D, AMES SOPHIE C, Ghai Rohit and others. In the short term (last 3 months), the insider signal is negative.

Short-Term Signal (3 months): Negative

Insiders have exclusively sold shares over the last 3 months.

Over the last 3 months: 0 purchases and 2 sales. A net $71,837 out of the stock.

Long-Term Signal (all transactions): Negative

Insiders have exclusively sold shares in the recent period. This can suggest management sees limited opportunity.

Across the last 20 transactions: 0 purchases and 20 sales. A net $23,798,417 out of the stock.

Latest sale: DiLullo John D sold 1,100 shares at $18.00 each on 2026-09-08.

Who is selling: DiLullo John D, AMES SOPHIE C, Ghai Rohit, Markovich John M., BARATZ ALAN E and others.

Latest Insider Trades in D-Wave Quantum (2026)

The table shows the last 20 reported insider transactions in D-Wave Quantum. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-09-08 DiLullo John D Sell 1,100 18 19,800
2026-07-20 AMES SOPHIE C Sell 3,070 17 52,037
2026-06-15 Ghai Rohit Sell 13,518 26 357,010
2026-06-12 Markovich John M. Sell 46,043 24 1,105,492
2026-06-09 Markovich John M. Sell 70 27 1,858
2026-06-08 Markovich John M. Sell 50,979 26 1,337,689
2026-06-08 BARATZ ALAN E Sell 474,395 26 12,395,941
2026-06-05 DiLullo John D Sell 7,850 24 191,776
2026-06-02 Markovich John M. Sell 2,908 31 90,148
2026-05-22 Markovich John M. Sell 207,926 28 5,759,550

Who is buying and selling D-Wave Quantum shares in 2026?

The following insiders have sold shares: DiLullo John D, AMES SOPHIE C, Ghai Rohit, Markovich John M., BARATZ ALAN E and others. In total, $23,798,417 was sold across 20 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

D-Wave Quantum Short Selling 2026: 20.3% Sold Short

Extremely shorted: 20.3% of the free float
Short % of free float
20.3%
Assessment
Extremely shorted
Short squeeze risk
Very High
Data source
EODHD
Reported about twice a month

Short interest over time: D-Wave Quantum

0.0%12.6%25.1%
Peak 21.9% · 9/12
5/307/3110/2
20.3% today (extremely high)Peaked at 21.9% on Sep 12, 2026Last 30 days: −0.1 percentage pointsMeasured over 125 days
What does the trend tell you?
Short interest in D-Wave Quantum has been fairly stable at 20.3% over the period. Neither many new short sellers have arrived nor many positions been closed.

What matters is when the curve starts to move. This is how shorting works: whoever shorts has borrowed the share and sold it, and to close the position again they must buy the share back. When short interest falls, shares are being bought back. So it is worth watching the trend, not just today's number.
The stock has an extremely high share of short selling. More than 20% of the freely traded shares are sold short, which is unusual and can point to great skepticism among institutional investors. The risk of a short squeeze on positive news is considerable.

What does this mean for you as an investor?
A short interest of 20.3% means that 20.3% of the freely traded shares in D-Wave Quantum have been borrowed and sold by investors betting on falling prices. On positive surprises (e.g. a strong earnings report), short sellers can be forced to buy back shares quickly to close their positions, which can cause a short squeeze with sharp price gains in a short time.

The next potential catalyst is the earnings report on Nov 5, 2026. With a short interest of 20.3%, the report can trigger considerable volatility.

Short interest comes from our data provider EODHD. The figure is reported about twice a month; we check it every trading day.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
▲
20.3%

When Does D-Wave Quantum Report Earnings – Next Date: Nov 5, 2026

The next earnings report from D-Wave Quantum is scheduled for November 5, 2026, before the market opens. This report covers the third quarter (Q3), which ended on September 30, 2026.



Technical Analysis of D-Wave Quantum 2026 – Signal: Strong Sell

Overall Technical Signal: Strong Sell

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated October 7, 2026.

Technical analysis of D-Wave Quantum (QBTS.US) – RSI 41, MACD negative (bearish), daily candlestick chart October 2026
D-Wave Quantum technical analysis – candlestick chart with RSI, MACD and volume profile. Updated Oct 7, 2026.

Trend Analysis of D-Wave Quantum Inc

D-Wave Quantum Inc is in a short-term downtrend. The price of $15.79 is 5.8% below the 20-day average ($16.77). Medium term, the picture is negative: the price is 12.0% below the 50-day average ($17.95). Long term, the stock is 23.7% below the 200-day average ($20.69), which signals a long-term downtrend.

Death Cross: The 50-day average (17.95) is below the 200-day average (20.69), which is a classic bearish signal for D-Wave Quantum Inc.

Is D-Wave Quantum Inc overbought or oversold?

D-Wave Quantum Inc has an RSI of 40.8. The stock sits in the lower part of the neutral zone, which points to weak momentum without being oversold. In the current downtrend, be careful about reading this as a buying opportunity.

MACD Analysis for D-Wave Quantum Inc

Daily MACD: MACD is negative (-0.531), which means the short-term trend is bearish (the 12-day EMA is below the 26-day EMA). MACD is below the signal line (-0.459) by 0.072, which confirms growing negative momentum in the downtrend.

Weekly MACD: MACD5 is negative (-1.305), which indicates a broader bearish long-term trend. MACD5 is below the signal line (-0.865) by 0.440, which confirms continued negative long-term momentum.

Overall MACD assessment: Both the daily and weekly MACD are negative and below their signal lines. Trend and momentum are negative across time horizons – the strongest bearish signal.

Risk Profile for D-Wave Quantum Inc

D-Wave Quantum Inc has an annual standard deviation of 115.2%, which classifies the stock as Extremely speculative. Only risk-tolerant investors should consider this stock, because the price swings can be very large.

Overall Technical Conclusion for D-Wave Quantum Inc

Trend: Negative. The price trades below SMA50 and SMA200.

MACD trend (zero line): Daily bearish (-0.531). Weekly bearish (-1.305).

MACD momentum (signal): Daily falling. Weekly falling.

RSI: 40.8 – neutral.

Technical signal: Strong Sell

The price is in a downtrend (below SMA50/SMA200) and MACD is negative on both a daily and weekly basis. Avoid buying and consider closing existing positions.

Frequently Asked Questions About D-Wave Quantum stock in 2026

Should you buy D-Wave Quantum stock now?
No, the technical signal for D-Wave Quantum is currently Strong Sell. D-Wave Quantum trades at $15.79 as of Oct 7, 2026. The technical analysis shows the following: MACD is negative (bearish trend) at -0.531 with falling momentum (signal: -0.459); RSI is at 40.8 (neutral zone); the stock is in a short-term downtrend (price below the 20-day average); the analyst price target of $34.65 points to 119.4% upside. The stock is in a broader downtrend (below SMA50/SMA200). Buying in a downtrend is generally not recommended. This is a technical observation based on current data, not investment advice.
What is the price target for D-Wave Quantum stock?
The average analyst price target for D-Wave Quantum is $34.65. The current price is $15.79, which gives an upside of 119.4%. Based on this, the stock is considered undervalued. The fair value range (±10% of the price target) is between $31.19 and $38.12.
Is D-Wave Quantum a dividend stock?
No, D-Wave Quantum does not currently pay a dividend to shareholders. The company reinvests its profits in growth instead of paying dividends.
What is the risk of D-Wave Quantum stock?
D-Wave Quantum is rated as a stock in the risk category Extremely speculative. the annual standard deviation is 115.2%, which classifies the stock as Extremely speculative.
Is D-Wave Quantum overvalued?
No, D-Wave Quantum is considered undervalued based on the analyst price target (119.4% upside). D-Wave Quantum has the following valuation ratios: a P/S ratio of 506.3, a P/B ratio of 5.9. The analyst price target suggests that the stock is undervalued by 119.4%.
Is D-Wave Quantum overbought?
No, D-Wave Quantum is not overbought. RSI is at 40.8 (neutral zone). The technical indicators show: RSI is at 40.8 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 5.8% below the 20-day average (short-term downtrend). In addition, MACD is negative with falling momentum (bearish).
When is the next D-Wave Quantum earnings report?
D-Wave Quantum reports its next earnings on November 5, 2026. The stock currently trades at $15.79.
Is D-Wave Quantum shorted?
Yes, D-Wave Quantum is shorted with 20.3% of the free float sold short. This is an extremely high level of short selling, which points to great skepticism among institutional investors. The risk of a short squeeze on positive news or earnings is very high. The figure comes from our data provider EODHD, is reported about twice a month, and we check it every trading day.
Are insiders buying D-Wave Quantum stock?
No, insiders are not buying D-Wave Quantum shares – they are net sellers. Over the last 3 months, insiders have made 0 purchases and 2 sales. On a net basis, 71,837 $ worth of shares were sold. Across the last 20 reported transactions, the split is 0 purchases and 20 sales, with a net 23,798,417 $ sold. Active sellers include DiLullo John D, AMES SOPHIE C, Ghai Rohit and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is D-Wave Quantum a good stock?
Based on our total score, D-Wave Quantum is rated as a disastrous stock with a total score of 8 out of 100. The stock scores very low on value, quality and momentum – it is among the worst in our database. The score is made up of Value: 7/100, Quality: 11/100, Momentum: 8/100. In addition: analysts see 119.4% upside to the price target; technical signal: Strong Sell. Whether D-Wave Quantum is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for D-Wave Quantum stock?
The outlook for D-Wave Quantum based on current data: the average analyst price target is $34.65 (+119.4%); the stock is in a downtrend (below SMA50 and SMA200); the next earnings report is due on Nov 5, 2026, which can move the price. Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is D-Wave Quantum stock falling?
D-Wave Quantum is falling right now. The technical indicators show: the price is 5.8% below the 20-day average; MACD is negative with falling momentum (bearish signal); short interest is 20.3% (high – many are betting on a decline); insiders have mostly been selling the stock recently. For the latest context, see our technical analysis and insider section above.
How high can D-Wave Quantum go?
The average analyst price target for D-Wave Quantum is $34.65, which corresponds to a potential gain of 119.4% from the current price of $15.79. The stock has traded between $12.75 and $46.75 over the last 52 weeks. The price is 66.2% below the 52-week high, which can indicate potential if the underlying fundamentals are intact. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can D-Wave Quantum fall?
The stock has traded as low as $12.75 over the last 52 weeks — that is 19.3% below the current price of $15.79. The biggest decline (drawdown) in the same period was 72.7% from high to low. Within a year, the price typically swings about ±115.2% (standard deviation — a measure of price swings). A difficult year could therefore mean a further decline of that size. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does D-Wave Quantum do?
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum... The company belongs to the Technology sector, more specifically the Computer Hardware industry, is headquartered in United States, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate D-Wave Quantum as an investment.
Did D-Wave Quantum raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from D-Wave Quantum. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history above.
Is D-Wave Quantum making money or losing money?
We have no current profitability data for D-Wave Quantum. See the latest report in the earnings history above.
Can D-Wave Quantum go bankrupt?
The bankruptcy risk of D-Wave Quantum is rated as low. Altman Z2 (a model for assessing financial distress) is 13.58 — that places the company in the healthy zone. The company has a healthy balance sheet with limited debt relative to earnings and assets. The Piotroski score (financial health 0-9, higher is better) is 1 — which is weak. Debt relative to equity is 219% (high). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does D-Wave Quantum have a lot of debt?
Yes, D-Wave Quantum has elevated debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 219%. For the technology sector, anything above 120% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. Tech companies are usually asset-light and need little borrowed capital — anything below 60% counts as low in this sector. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector.

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