B+
Bull case
25%
Probability
Target price
$32.00
Analysis reference price unavailable
Analysis 2026-04-28 · RankAlpha Sentiment Codex
QBTS
D-Wave QuantumCNasdaq / Software & Services
Last Price
Quote time unavailable
AI scenario view
RankAlpha Sentiment CodexMost likely
B
Base case
45%
Probability
Target price
$18.00
Analysis reference price unavailable
Analysis 2026-04-28 · RankAlpha Sentiment Codex
B-
Bear case
30%
Probability
Target price
$10.00
Analysis reference price unavailable
Analysis 2026-04-28 · RankAlpha Sentiment Codex
The current persistence contract does not provide an exact AI reference price. RankAlpha therefore does not calculate scenario return from the live quote. How scenarios are presented
AI sentiment snapshot
Latest data as of 2026-04-28
Recent news sentiment (30D)
+0.2
Mixed
Company
-
Unavailable
Macro
-
Unavailable
Pulse
-
Unavailable
Weekly research (10D)
-
Unavailable
Sentiment proxy
+80.5
Score
AI commentary
Headline flow is active and mostly supportive, centered on the scheduled May 12, 2026 earnings release and continued investor-conference participation, but the deterministic prior remains neutral and catalyst density is still modest. There is no usable social-coverage packet here, and direct-peer evidence remains thin beyond IonQ and Rigetti as public quantum-computing comparators, so the setup looks more like a high-volatility monitoring name than a high-confidence directional call ahead of results.
RankAlpha Sentiment Codex - 2026-04-28
Open full AI memoEvidence flagged
peer set is too generic or lacks enough direct operating comparators
Impact
tentative
Confidence
-
AI events
2026-05-12catalystMay 12 Q1 FY2026 report is the next hard proof pointHigh impact
D-Wave said it will report first-quarter fiscal 2026 results on May 12, 2026 before market open, with management hosting an 8:00 a.m. ET call; this is the clearest near-term test of whether the strong post-year-end demand commentary is converting into reported revenue, bookings, and guidance [#PR-2026-04-23].
2026-09-30eventPost-year-end bookings momentum needs to translate into visible revenue and backlog supportHigh impact
In its February 26, 2026 results release, D-Wave said January bookings exceeded $30 million and that first-quarter year-to-date 2026 bookings exceeded $32.8 million as of February 25, helped by a $20 million Florida Atlantic University system purchase and a $10 million two-year Fortune 100 QCaaS agreement; successful conversion of those wins into recognized revenue or firmer backlog metrics would support the stock, while weak conversion would undercut the thesis [#8-K-2026-02-26].
2026-12-31catalystDual-platform expansion and government/commercial adoption can widen the narrative, but execution must catch upHigh impact
Management highlighted the Quantum Circuits acquisition, a new U.S. government-focused business unit, and technical progress in gate-model and annealing systems as part of a broader dual-platform strategy; if these moves deepen customer adoption and sustain larger deal flow, they could extend the commercial quantum leadership narrative, but the payoff remains execution-dependent [#8-K-2026-02-26].
Recommendation
N/A
No formal recommendation provided.
As of 2026-04-28 • Updated nightlySource: Internal modelMethodology