DWave stock forecast: Third-party price targets

D-Wave Quantum (QBTS) last traded at $26.57, within the lower half of its intraday range of $25.93–28.53 as of 5:07PM UTC on 25 September 2025.

By Dan Mitchell3 hours ago

Buyer positions made up 91.53% of client sentiment, supported by higher trading volumes. This followed Zacks’ report of an 11.9% share price gain linked to renewed AI-driven adoption of quantum annealing technologies (Zacks, 22 September 2025).

DWave stock forecast: Analyst price target view

B. Riley Securities (research note)

B. Riley increased its 12-month price target to $33.00 from $22.00, maintaining a Buy rating amid expectations for broader commercial adoption. The firm cited growing institutional interest from the Quantum World Congress and D-Wave's role in quantum annealing applications as factors behind the revised target (Yahoo Finance, 25 September 2025).

Stifel (initiation report)

Stifel initiated coverage with a Buy rating and a $26.00 target on 5 August 2025, describing D-Wave as a first mover in commercial quantum computing. The report pointed to the company's early focus on quantum annealing and a cash position of about $819m following recent equity raises (TipRanks, 5 August 2025).

Rosenblatt Securities (coverage initiation)

Rosenblatt began coverage with a Buy rating and a $30.00 target on 29 July 2025, the highest Street estimate at the time. The firm highlighted D-Wave's existing customer base and quantum annealing technology as competitive strengths (Futubull, 9 August 2025).

Piper Sandler (target raise)

Piper Sandler lifted its target to $22.00 from $13.00 on 8 August 2025, maintaining an Overweight rating after D-Wave reported Q2 revenue growth of 41% year-on-year. The firm noted the company's launch of its sixth-generation Advantage2 quantum system (Yahoo Finance, 29 August 2025).

Benchmark (maintained coverage)

Benchmark reiterated its Buy rating with a $20.00 target on 4 August 2025, citing D-Wave's technology advances, particularly with the Advantage2 system. The firm also pointed to growth in the customer base and improvements in financial performance (MarketBeat, 25 September 2025).

Analysts’ targets range from $20.00 to $33.00, with most clustered around $22–24. The consensus reflects optimism about D-Wave’s position in quantum annealing and its commercial progress.

Predictions and third-party forecasts are often inaccurate, as they cannot fully reflect unforeseen market developments. Past performance is not a reliable indicator of future outcomes.

QBTS stock price: Technical overview

D-Wave Quantum (QBTS) last traded at $26.57 at 5:07pm UTC on 25 September 2025, positioned above its moving-average cluster, with the 20/50/100/200-day SMAs at around 20, 18, 17 and 12. The 20-over-50 alignment remains in place, maintaining a constructive near-term bias. The RSI(14) at 75 indicates stretched momentum in overbought territory, while the ADX at 36 points to an established trend with strong directional movement.

The first upside reference level is the $18.46 Classic R1 pivot. A sustained daily close above this point would shift attention to the $21.30 R2 area. On pullbacks, initial support lies at the $16.33 Classic Pivot, followed by the 100-day SMA near $17. A break below that cluster would expose the $13.49 S1 level (TradingView, 25 September 2025).

This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

Capital.com’s client sentiment for D-Wave CFDs

Capital.com client positioning in D-Wave Quantum CFDs shows 91.5% of positions on the buy side and 8.5% on the sell side, leaving buyers ahead by 83 percentage points (25 September 2025). Sentiment is currently weighted towards long positions. This snapshot reflects open positions on Capital.com and is subject to change.

FAQ

Is D-Wave a good stock to buy?

We don’t provide investment advice. Analysts have expressed positive views on D-Wave’s role in quantum annealing, but these opinions differ and reflect only the individual firms issuing them. Trading decisions should be based on independent research and consideration of risk.

Could D-Wave stock go up or down?

Yes. Like any listed company, the share price can rise or fall depending on earnings results, industry adoption, broader market trends and investor sentiment. Technical indicators suggest volatility, but price direction cannot be predicted with certainty.

Should I invest in D-Wave stock?

Whether to invest depends on your personal circumstances, objectives and risk tolerance. Predictions and forecasts are often inaccurate, and past performance is not a reliable indicator of future results. Independent financial advice may be helpful before making decisions.