Key Stats for D-Wave Stock
- Price change for D-Wave stock: -8%
- $QBTS Share Price as of Jun. 3: $28
- 52-Week High: $47
- $QBTS Stock Price Target: $36
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
D-Wave Quantum (QBTS) stock dropped by almost 8% on Wednesday, despite positive news. Trading volume reached a high, well above the daily average. The stock fell as low as $27.38 before closing near those levels.
- The selling came despite what should have been bullish news.
- D-Wave was tentatively awarded $100 million in federal funding as part of a broader $2 billion U.S. quantum initiative.
- Rosenblatt Securities raised its price target to $43,
- Needham reiterated a Buy with a $40 target.
- A new survey also showed 41% of large UK enterprises expect quantum computing to unlock over £100 million in value within a year.
So why the drop? Profit-taking.
D-Wave Quantum stock has had a decent run, more than 55% up in last 12 months. After such a rally, even good news can trigger sellers who want to lock in gains.
See analysts’ growth forecasts and price targets for D-Wave stock (It’s free) >>>
What the Market Is Telling Us About D-Wave Stock
The underlying business story is still building.
- CEO Alan Baratz said Q1 bookings hit a record $33.4 million, up nearly 2,000% from a year ago.
- He raised the company’s outlook for system sales from 1 per year to 2 or 3, with at least 2 deliveries expected in 2026.
- D-Wave’s January acquisition of Quantum Circuits gave it access to dual-rail qubit technology. Baratz believes this makes D-Wave Quantum’s stock undervalued by investors who focus only on its annealing business.
- The company is now targeting 100 logical qubits by the end of 2032 as part of its gate model roadmap.
- Revenue, however, came in at just $2.9 million for Q1, down 81% from the prior year.
- That comparison was rough because last year included a $12.6 million one-time system sale.
- Adjusted EBITDA loss widened to $32.8 million.
The broader quantum sector is also moving as one trade. When peers like Rigetti or Quantinuum get headlines, capital often rotates between names. That can amplify swings in D-Wave Quantum stock regardless of company-specific news.
Wall Street remains constructive. More than ten analysts rate the stock a Buy with an average price target of $36.40, implying upside from current levels.
Estimate a company’s fair value instantly (Free with TIKR) >>>
How Much Upside Does D-Wave Stock Have From Here?
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
