D-Wave Quantum Inc. has attracted high analyst conviction with a price target implying 40% upside and positive news sentiment from 10 recent articles, but burns cash at 510% of revenue, holds a Piotroski F-Score of only 3/9, and has missed earnings estimates in 2 of the last 4 quarters including a -47% negative surprise.
Thesis pillars
- Extreme Cash Burn Quality Deficit→Stable
- Analyst Sentiment Upside→Stable
- Earnings Inconsistency Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
D-Wave Quantum Inc. (QBTS) Stock Analysis
Technology · Computer Hardware
Sell if holding. Engine safety override at $22.53: Quality below floor (2.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 3.3:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 17%; Below-average business quality; Negative price momentum.
In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress with our gate-model technology development as well. Both the annealing and gate-model technology are built on superconducting qubits which we believe have a... Read more
Sell if holding. Engine safety override at $22.53: Quality below floor (2.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 3.3:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 17%; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.7/10, moderate confidence.
Passes 5/8 gates (favorable risk/reward ratio, news events none recent, earnings proximity 34d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: speculative.
Recent developments
updated 2026-07-06Recent Developments — D-Wave Quantum Inc.
Latest news
- NEWS Tradr Bets on Quantum Boom With 5 New 2X ETFs on Quantinuum, Ciena — benzinga Jul 1, 2026 positive
- NEWS D-Wave Quantum To Receive ~$1.6M Grant From The National Science Foundation Through The National Quantum Virtual Laborat — benzinga Jun 30, 2026 positive
- NEWS IBM Spent Years Preparing For This Moment — Then Trump Made It Official — benzinga Jun 23, 2026 positive
- NEWS Trump Admits Regret Over Selling IBM Stock Too Soon After Praising CEO For 'Leading Fab' In US Chip Push— 'Not A Good Mo — benzinga Jun 23, 2026 neutral
- NEWS Trump Signs Executive Orders That Bolster America As World Leader In Quantum Computing: D-Wave, Rigetti, IonQ Stocks Pop — benzinga Jun 22, 2026 positive
Generated 2026-07-06T03:20:33Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-05-04Item 5.02MEDIUMDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Amended Chief Executive Officer Employment Agreement On April 30, 2026, D-Wave Quantum Inc.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $22.53: Quality below floor (2.7 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 3.3:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 17%; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $20.95. Score 4.7/10, moderate confidence.
Take-profit target: $33.65 (+49.4% upside). Prior stop was $20.95. Stop-loss: $20.95.
Quality below floor (2.7 < 4.0).
D-Wave Quantum Inc. trades at a P/E of N/A (forward -57.8). TrendMatrix value score: 9.0/10. Verdict: Sell.
22 analysts cover QBTS with a consensus score of 4.1/5. Average price target: $37.
What does D-Wave Quantum Inc. do?In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress...
In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress with our gate-model technology development as well. Both the annealing and gate-model technology are built on superconducting qubits which we believe have a long-term advantage over all other approaches to quantum computing. We are also leveraging the quantum systems technology we have developed for our annealing technology to accelerate our gate-model program.