QBTS Stock: D-Wave Quantum Analysis, Price Target & Forecast 2026

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This article analyzes D-Wave Quantum (QBTS) stock, noting its high valuation (215x revenue) despite significant losses but also highlighting substantial revenue growth and recent booking surges. The company’s acquisition of Quantum Circuits Inc. is a major development, allowing D-Wave to offer both annealing and gate-model quantum computing. Analysts maintain a “Strong Buy” consensus with a median price target of $40.00, suggesting considerable upside, although risks like dilution and supply chain vulnerabilities are present.

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