CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData
Analysis reviewed by Shaun David, Co-Founder. Data refreshed daily. Not financial advice.
D-Wave Quantum Inc. (QBTS) is currently trading at $12.03, significantly below its 50-day and 200-day moving averages ($17.49 and $20.30) of $17.49 and $20.30 respectively. The stock exhibits oversold technical conditions with a 14-day RSI of 22.3. Despite these technical indicators, Wall Street analysts maintain a strong 'Buy' consensus, with a median price target of $36.00, implying an upside of 199.3% from the current price. This optimism is fueled by projected revenue growth of 73.00% for the current year and 90.00% for the next year, reaching an estimated $42.5 million and $63.7 million respectively. Insider activity shows heavy net selling, with over $155 million in sales against minimal purchases, indicating a lack of insider confidence in the near term. The company's valuation metrics are stretched, with a price-to-sales ratio of 374.43, far exceeding the sector median of 7.6. While the debt-to-equity ratio is low at 0.04, the negative return on equity of -27.99% highlights profitability challenges. The recent earnings reports show a pattern of missing EPS estimates, with the latest quarter reporting an EPS of -0.13 against an estimate of -0.09, a -44.44% surprise. Despite these fundamental headwinds, the strong analyst conviction and projected revenue acceleration suggest a long-term growth narrative that investors are betting on. The significant insider selling remains a key risk to monitor, potentially signaling near-term price pressure.
QBTS at a glance
D-Wave Quantum Inc. (QBTS): Buy, 74/100 on CleaRank's AI score.
TrendDown: the price is below both its 50- and 200-day moving averages ($17.49 and $20.30).
EarningsQBTS beat estimates in 3 of its last 7 quarters, yet fell the next day after 1 of those beats.
InsidersInsiders sold $155.5M and bought $2K over the last 18 months.
As of October 15, 2026, D-Wave Quantum Inc. (QBTS) trades at $12.03. Wall Street's consensus target is $36.00 across 17 analysts. The 14-day RSI (daily closes) is 22, in oversold territory, and the price is below its 50-day simple moving average of $17.49.
Figures as of October 15, 2026.
Only on CleaRank
Figures we compute ourselves from QBTS's own price, earnings and insider-filing history. Tap one to see it in context.
On price-to-sales, the yardstick used here in place of P/E, QBTS trades at 374.43x, far above the sector average of 7.60x.
QBTS Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
In the last 7 quarters, QBTS beat the analyst estimate 3 times; the stock fell in the first session after 1 of those beats.
QBTS earnings surprises and the stock's reaction
Report
EPS estimate
EPS actual
Surprise
First session
5 sessions
Aug 6, 2026 (after close)
-$0.09
-$0.13
-44.44%
+6.98%
+7.70%
May 12, 2026 (after close)
-$0.08
-$0.05
+37.50%
-4.07%
-18.61%
Nov 6, 2025 (after close)
-$0.07
-$0.05
+28.57%
+3.91%
-17.61%
Aug 7, 2025 (after close)
-$0.05
-$0.08
-60.00%
-1.57%
+5.88%
May 8, 2025 (after close)
-$0.04
-$0.03
+25.00%
+6.43%
+5.85%
Mar 13, 2025 (after close)
-$0.06
-$0.08
-33.33%
+46.89%
+25.76%
Nov 14, 2024 (after close)
-$0.08
-$0.10
-25.00%
-12.30%
+5.35%
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
As of October 15, 2026, QBTS has beaten the analyst EPS estimate in 3 of its last 7 reported quarters and fell in the first trading session after 1 of those beats; its latest report, on August 6, 2026, came in 44.44% below the estimate and the stock moved +6.98% in the first session.
QBTS Analysis
Company's Health2/5
12-Month Analyst Target+199.25% above price
Median of 17 analysts (12-month)
$36.00
AI Analyst Consensus ScoreBuy
D-Wave Quantum Inc. (QBTS) is trading below its key moving averages, with the price at $12.03 sitting below the 50-day SMA of $17.49 and the 200-day SMA of $20.30. The 14-day RSI is at 22.3, indicating oversold conditions and suggesting a potential for a short-term bounce. The MACD is at -1.15, further reinforcing the bearish short-term momentum. Volume has been significantly above average recently, with the latest volume at 23.9 million compared to an average of 15.3 million, indicating heightened interest but not necessarily conviction. The current price action suggests a downtrend, with the moving averages acting as resistance. Key support levels are not clearly defined given the limited trading history and volatile nature of the stock, but the oversold RSI could signal a near-term reversal. Investors should watch for a sustained move above the 20-day EMA at $15.41 and the 50-day SMA as confirmation of a trend change. The significant volume accompanying the price action warrants attention, but without a clear upward trend, it may reflect speculative trading rather than fundamental buying.
ProTips
Monitor insider transaction filings closely, as recent heavy selling activity totaling over $155 million warrants attention.
The stock is currently trading below its 50-day and 200-day moving averages ($17.49 and $20.30), indicating potential resistance at these levels on any upward price movement.
Key Catalysts
BullishStrong Analyst Buy Ratings and Price Targets
Seventeen Wall Street analysts maintain a 'Buy' consensus, with a median price target of $36.00, suggesting a nearly 200% upside potential from the current stock price.
Source: Wall Street Analysts
BullishAccelerating Revenue Growth Projections
Analysts forecast significant revenue growth, with current year estimates at $42.5 million (+73.00% YoY) and next year estimates at $63.7 million (+90.00% YoY), indicating strong market adoption.
Source: Wall Street Estimates
BearishHeavy Insider Selling Activity
Insiders have sold over $155 million worth of stock, significantly outweighing minimal purchases, signaling a potential lack of near-term confidence from management.
Source: Insider Transactions
BearishOversold Technical Conditions
The 14-day RSI is at 22.3, indicating oversold conditions, and the stock is trading below its 50-day and 200-day moving averages ($17.49 and $20.30), suggesting bearish short-term momentum.
Source: Technical Analysis
Market Outlook
The 6-12 month outlook for D-Wave Quantum Inc. (QBTS) is cautiously optimistic, primarily driven by strong analyst conviction and aggressive revenue growth projections. Analysts forecast revenue to grow by 73.00% this year and 90.00% next year, indicating a significant ramp-up in business activity. However, this positive outlook is tempered by considerable risks. The company's current unprofitability, negative EPS, and a very high price-to-sales ratio present significant valuation concerns. The heavy insider selling, exceeding $155 million, raises questions about management's near-term confidence. A shift in the company's ability to execute on its growth strategy, achieve profitability, or a change in analyst sentiment could alter this trajectory. Investors should monitor upcoming earnings reports and insider transaction filings closely.
Key Statistics
Market Cap
4.57B
P/E Ratio
N/A (Negative EPS)
EPS (TTM)
-0.6900
Dividend Yield
0.00%
52 Week High
45.13
52 Week Low
11.95
As of October 15, 2026, QBTS trades at $12.03, with a market value of $4.57B and no P/E ratio (its trailing earnings are negative).
D-Wave Quantum Inc. (QBTS) exhibits a highly speculative valuation, with a price-to-sales ratio of 374.43, vastly exceeding the Technology sector median of 7.6. Its return on equity is a negative -27.99%, further underscoring profitability challenges. Despite these concerning fundamental metrics, the company maintains a low debt-to-equity ratio of 0.04, suggesting a manageable balance sheet from a leverage perspective. Analysts project substantial revenue growth, with current year estimates at $42.5 million (up 73.00% year-over-year) and next year estimates at $63.7 million (up 90.00% year-over-year). This aggressive growth outlook is the primary driver behind the positive analyst sentiment, as investors anticipate the company's ability to scale and eventually achieve profitability.
Earnings & Growth Analysis
D-Wave Quantum Inc. (QBTS) has consistently missed earnings per share estimates in its recent reporting history. The latest results reported on August 6, 2026, showed an EPS of -0.13 against an estimate of -0.09, a miss of 44.44%, with the stock reacting positively with a 6.98% price increase. Prior quarters also showed mixed performance, with a 37.5% beat in May 2026 and a 28.57% beat in November 2025, but significant misses (-60%). The company's forward EPS estimates remain negative for the current and next year, indicating continued losses in the near term.
Key Risks
D-Wave Quantum Inc. (QBTS) faces significant risks including its current loss-making status and a highly speculative valuation, with a price-to-sales ratio far exceeding sector averages. Heavy insider selling, totaling over $155 million, signals a lack of near-term confidence from management. Also, the stock is trading well below its key moving averages, indicating a bearish technical trend.
Technical Indicators i
RSI (14-day)
22.30
MACD (12, 26)
-1.15
SMA (50-day)
17.49
SMA (200-day)
20.30
Technical RatingBearish
RSI
Oversold
SMA Cross
Bearish
Price vs SMA
Bearish
MACD
Bearish
Moving averages show a lagging Death Cross (50-day: $17.49, 200-day: $20.30), price is trading below the 50-day SMA, RSI at 22.3 suggests oversold conditions; potential bounce setup.
As of October 15, 2026, with QBTS at $12.03, its 14-day RSI is 22.3 (oversold territory), its 50-day simple moving average is $17.49 and its 200-day is $20.30.
Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)+0.33
Weak correlation
Nasdaq 100 (QQQ)+0.37
Weak correlation
Bitcoin (BTC)+0.44
Moderate correlation
Gold (XAU)+0.18
Weak correlation
As of October 15, 2026, QBTS's 1-year correlation of daily returns is +0.33 with S&P 500 (SPY), +0.37 with Nasdaq 100 (QQQ), +0.44 with Bitcoin (BTC) and +0.18 with gold (XAU).
Check Custom Correlation
How does any other asset move with QBTS? One year of daily closes, Pearson correlation.
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QBTS Wall Street View
12-month price targets
Low $18.36Median $36.00 (+199.3%)High $43.00
The price, $12.03, sits below every analyst's target.
Ratings
Buy 15Hold 2Sell 03 months ago: 15 of 16 buy
Recent rating actions
Recent analyst rating actions on QBTS
Date
Firm
Action
Rating
Aug 7, 2026
Rosenblatt
Maintains
Buy
Jul 28, 2026
Rosenblatt
Maintains
Buy
Jul 27, 2026
Benchmark
Initiates
Buy
Jun 15, 2026
Mizuho
Maintains
Outperform
Jun 11, 2026
Rosenblatt
Maintains
Buy
Jun 2, 2026
B. Riley Securities
Maintains
Buy
As of October 15, 2026, 17 Wall Street analysts cover QBTS: 15 rate it a buy or strong buy, 2 a hold and 0 a sell or strong sell. Their 12-month price targets range from $18.36 to $43.00, with a median of $36.00, 199.3% above the price of $12.03.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
QBTS Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative2%Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$11.79
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$12.03
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$10.15
MAX LOSS
-13.9%
Volatility-Adjusted Stop Loss
Calculated based on RSI (22.3) and current market volatility
QBTS moves about 3.7% a day on average, so a stop can fill well past its level. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Growth of $10,000
A $10,000 investment in QBTS in December 2020 would be worth about $11,852 today with dividends reinvested, compared with about $22,774 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Compare with Another Ticker
QBTS Drawdowns & Recovery
Worst fall, last 6 years
-96.2%
February 2021 to May 2023
Recovery
24 months
back at the old peak by May 2025
From the 6-year high
-73.1%
highest close, October 2025
1-year holds that gained
51%
of every 1-year window
As of October 15, 2026, QBTS's worst peak-to-trough fall over the last 6 years with dividends reinvested was -96.2% (February 2021 to May 2023); it regained that peak by May 2025, 24 months after the low, and 51% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in QBTS today could grow to about $15,846 by 2036 in the base case, with a 90th-percentile outcome near $120,221 and a 10th-percentile outcome around $2,089. Projections are statistical simulations, not guarantees.
QBTS Stock Price Prediction: 2030
CleaRank's simulation projects a price near $14.46 for QBTS by 2030 in the base case, from $12.03 today (1.2x over 4 years). The 10th-percentile path ends near $4.01. These are outcomes of a Monte Carlo simulation run on QBTS's historical return distribution, not price targets, and they assume no dividends are reinvested.
QBTS simulated price paths by year
Year
10th percentile
Base case
90th percentile
2027
$6.64
$12.60
$23.91
2028
$5.33
$13.19
$32.65
2029
$4.55
$13.81
$41.91
2030
$4.01
$14.46
$52.10
2031
$3.61
$15.14
$63.46
Method: a lognormal simulation of QBTS's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.
As of October 15, 2026, QBTS insiders reported 52 open-market sales worth $155.5M and 1 open-market purchase worth $2K over the last 18 months; grants and option exercises are not counted.
Recent insider transactions in QBTS
Date
Insider
Type
Shares
Value
Sep 8, 2026
DILULLO JOHN DAVID
Director
Sell
1.1K
$19.8K
Jul 20, 2026
AMES SOPHIE C
Officer
Sell
3.1K
$52.0K
Jun 15, 2026
MARKOVICH JOHN M
Chief Financial Officer
Sell
246.0K
$6.2M
Jun 15, 2026
GHAI ROHIT
Director
Sell
13.5K
$357.1K
Jun 9, 2026
MARKOVICH JOHN M
Chief Financial Officer
Sell
51.0K
$1.3M
Jun 8, 2026
BARATZ ALAN E
Chief Executive Officer
Sell
687.6K
$18.0M
Jun 8, 2026
BARATZ ALAN E
Chief Executive Officer
Option
687.6K
$612.1K
Jun 5, 2026
DILULLO JOHN DAVID
Director
Sell
7.9K
$191.8K
Jun 4, 2026
BISCAY ROGER
Director
Grant
9.4K
-
Jun 4, 2026
DILULLO JOHN DAVID
Director
Grant
9.4K
-
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Frequently Asked Questions
Is D-Wave Quantum Inc. stock a buy right now?
D-Wave Quantum Inc. (QBTS) currently has a 'Buy' consensus rating from Wall Street analysts, supported by a median price target of $36.00, implying significant upside potential. However, the stock is trading below its key moving averages and exhibits oversold technical conditions, while also facing risks from heavy insider selling and current unprofitability.
What are D-Wave Quantum Inc.'s recent earnings results?
In its most recent earnings report on August 6, 2026, D-Wave Quantum Inc. reported an EPS of -0.13, missing the analyst estimate of -0.09 by 44.44%. The stock price reacted positively to this report, increasing by 6.98%.
How does D-Wave Quantum Inc. compare to its sector averages?
D-Wave Quantum Inc. operates in the Technology sector. Its price-to-sales ratio of 374.43 is significantly higher than the sector median of 7.6, and its revenue growth of -0.6% lags the sector median of 24.2%. However, its debt-to-equity ratio of 0.04 is well below the sector median, and its return on equity of -27.99% is substantially worse than the sector median of 13.4%.
What is the long-term outlook for D-Wave Quantum Inc.?
The long-term outlook for D-Wave Quantum Inc. is driven by projected strong revenue growth, with analysts estimating over 90% year-over-year growth for next year. While the company is currently loss-making, the anticipated scaling of operations and market adoption of quantum computing solutions underpin a positive long-term growth narrative.
What is the analyst sentiment on D-Wave Quantum Inc. stock?
Wall Street analysts express a predominantly 'Buy' sentiment towards D-Wave Quantum Inc., with 17 analysts covering the stock.
Is QBTS in an uptrend?
No. D-Wave Quantum Inc. (QBTS) trades at $12.03, below both its 50- and 200-day moving averages ($17.49 and $20.30). Its 14-day RSI on daily closes is 22.3, in oversold territory.
Are insiders buying or selling QBTS?
Selling, on balance. In the last 18 months, QBTS's officers, directors and large holders reported 52 sales worth $155.5M and 1 open-market purchase worth $2K. Grants and option exercises are not counted as buying.
What is the analyst price target for QBTS?
As of October 15, 2026, the 17 Wall Street analysts covering QBTS have 12-month targets from $18.36 to $43.00, with a median of $36.00, 199.3% above the current price of $12.03. 15 rate it a buy or strong buy, 2 a hold and 0 a sell or strong sell. Three months ago 15 of 16 rated it a buy.
What is QBTS's biggest drop in the last 6 years?
D-Wave Quantum Inc. (QBTS)'s worst peak-to-trough fall over the last 6 years was -96.2%, from February 2021 to May 2023 (with dividends reinvested). It regained that peak by May 2025, 24 months after the low. Over the same period, 51% of 1-year holding periods ended with a gain.
What are QBTS's best and worst months?
Over the last 6 years, December has been QBTS's strongest month on average (+50.59%, rising in 3 of 5 years) and January its weakest (-13.08%, rising in 0 of 6 years). Seasonal averages describe the past and do not predict a given year.
