Hello, Thanks for signing up for MarketBeat Daily Ratings—we’re excited to have you on board. Every weekday, you’ll get a curated summary of new “Buy” and “Sell” ratings from Wall Street’s top-rated analysts, the latest stock news, and bonus investing content—all delivered straight to your inbox. You’re just two quick steps away from completing your sign-up: 1. Make sure our emails go to your inbox Gmail users:
Mobile: Tap the three dots (…) in the top right and select Move to Inbox or Move to Primary
Desktop: Click the folder icon at the top and select Move to Inbox or Primary Apple Mail users:
Tap our email address at the top (next to From: on mobile), then select Add to VIP Other providers:
Reply to this message and add newsletters@analystratings.net to your contacts 2. Confirm your subscription Click this link to confirm your subscription. This verifies your account and ensures you receive your newsletters without interruption instead of getting stuck in your spam filter. Confirm your subscription here. After you confirm, feel free to download our popular free report, "7 Stocks to Buy and Hold Forever" with this link. Thanks again for subscribing—we look forward to being part of your investing journey. 
Matthew Paulson
Founder and CEO, MarketBeat. P.S. If you didn’t mean to subscribe, no problem—you can unsubscribe here.
Additional Reading from MarketBeat.com D-Wave Keeps Delivering Good News—So Why Is It Falling?Authored by Nathan Reiff. Article Posted: 3/11/2026. 
Key Points - D-Wave Quantum shares remain down about a third year-to-date despite numerous technological and business successes.
- The company's bookings and revenue have climbed rapidly alongside gross margin, but operating expenses are also climbing, keeping profitability distant for now.
- With a major new Fortune 100 client and other sales momentum, D-Wave may test investor patience while it works to bring its financials in line with its valuation.
- Special Report: Elon Musk: This Could Turn $100 into $100,000
A longtime speculative play in the risky, emerging quantum computing industry, D-Wave Quantum Inc. (NYSE: QBTS) now appears poised to separate true quantum bulls from investors who simply rode its roughly 168% surge in 2025. Despite that rally, D-Wave shares spent most of 2026 in decline or flat trading; QBTS is down nearly a third year-to-date (YTD). Some of the reasons for this pullback are obvious: the company missed analyst expectations on both earnings and revenue in the most recent quarter. At the same time, rivals like IonQ Inc. (NYSE: IONQ) appear to be quietly outperforming on some metrics. San Francisco is the strangest city in America right now—you can hop into a self-driving car and be chauffeured by a robot, but out the window you see addicts slumped in doorways, open-air drug markets, the mentally ill screaming at the sky, and entire city blocks consumed by homeless encampments. It's ground-zero for the most disruptive technological forces of our age, and Erez lives in the Bay Area plugged into the capital, the connections, and the companies reshaping the world—the advancements in AI, blockchain, computing, and biosciences are unlike anything the world has seen before, and a tsunami of disruption is coming for everything all at once. During our most recent broadcast, we exposed what we're calling the most asymmetric opportunity of our careers: an overlooked financial company hiding a multi-billion-dollar blockchain asset Wall Street hasn't priced in—it's one of those rare situations Warren Buffett would describe as raining gold when all you have to do is step outside if you want to get rich. Watch the broadcast before the window closes now Nonetheless, D-Wave has highlighted several positive developments in recent months that might have helped reverse the decline. Specifically, strong bookings growth, a prominent new deal, and an expansion into a two-pronged technology approach have so far failed to right the QBTS ship. D-Wave's Rally, Cut Short in October, Waits for a Reason to Relaunch To understand D-Wave's current position, it helps to backtrack to October 2025, when the selloff began. After reaching a high of around $45 per share by mid-month, QBTS plunged to less than half that level in the weeks before a modest recovery into year-end. There wasn't a clear fundamental catalyst for the reversal; it may simply have been shareholders cashing out or growing concerned that the hype had outpaced D-Wave's real-world achievements at that time. If that concern is valid, D-Wave's rally could resume once the company proves there are concrete reasons for investor excitement beyond market enthusiasm. So far, however, that proof remains elusive despite several notable financial wins — including well over $30 million in bookings so far in 2026, a 265% increase in gross profit for full-year 2025, and a gross margin near 83% last year. Financials and Tech-Side Potential May Still Be Mismatched D-Wave's financial progress is increasingly impressive, but two metrics may keep investors from accepting a $45-per-share valuation. First, revenue remained relatively small at roughly $25 million last year for a company with about a $7 billion market capitalization, albeit nearly tripling year-over-year. Second, operating expenses rose 46% in 2025 to about $121 million. Revenue is growing faster than expenses, and D-Wave's bookings growth and strong margins could help, but the company still appears some distance from reporting a breakeven or profitable quarter. On top of that, D-Wave's valuation looks lofty, with a price/sales (P/S) ratio of 286.5 and a book value near $2.30 per share. Even with a recently announced agreement with a Fortune 100 company, investors may question the firm's commercial viability given those metrics. At the same time, D-Wave's technology potential is notable. Its new dual-tech approach — following the acquisition of Quantum Circuits earlier in the year — should help the company design and build quantum systems more efficiently. Wall Street Analysts Remain Bullish, But Retail Investors May Not Have the Patience QBTS stock remains favored on Wall Street, with 14 of 16 analyst ratings at Buy or equivalent and a consensus price target about 92% above current levels. Retail investors, however, may be less willing to continue a speculative bet on a company that could still be some way from aligning its financial performance with its technological promise. Investors who can tolerate the volatility and believe D-Wave can boost revenue, reduce expenses, and further differentiate its quantum technology may be rewarded as early backers of a major quantum-industry player. That outcome is by no means guaranteed, and the timeline for any payoff remains uncertain. | 
Post a Comment
Post a Comment