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Forget margin or options. Here's how the pros trade QBTSD-Wave Quantum ( (QBTS) ) has shared an update.
On April 30, 2026, D-Wave Quantum Inc. and its subsidiary D-Wave Commercial Inc. amended the employment agreement of President and CEO Dr. Alan Baratz to update his compensation package, following approval by the board of directors based on a recommendation from its compensation committee. The board cited Baratz’s years of service and commitment as the rationale for the revisions, signaling strong leadership support and continuity in the company’s executive ranks.
Under the Third Amendment, Dr. Baratz’s annual base salary was increased to $700,000, effective January 1, 2026, and he received a grant of restricted stock units valued at $13,488,000 under the company’s 2022 Equity Incentive Plan. The substantial equity component further aligns the CEO’s incentives with long-term shareholder interests and underscores the company’s emphasis on retaining key leadership amid the evolving quantum computing landscape.
The most recent analyst rating on (QBTS) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on D-Wave Quantum stock, see the QBTS Stock Forecast page.
Spark’s Take on QBTS Stock
According to Spark, TipRanks’ AI Analyst, QBTS is a Neutral.
The score is held back primarily by weak financial performance (large losses and persistent cash burn) despite strong top-line acceleration and improved gross margins, with the earnings call adding support via strong liquidity and improving commercial traction. Technicals are neutral-to-mildly positive near term but still below longer-term trend levels, and valuation remains constrained by ongoing losses and no dividend support.
To see Spark’s full report on QBTS stock, click here.
More about D-Wave Quantum
D-Wave Quantum Inc. operates in the quantum computing industry, developing quantum hardware, software, and related services aimed at commercial and enterprise customers seeking advanced computing solutions. Through its subsidiary D-Wave Commercial Inc., the company focuses on bringing practical quantum applications to market, positioning itself as a provider of cutting-edge quantum technologies for business use cases.
Average Trading Volume: 26,496,166
Technical Sentiment Signal: Buy
Current Market Cap: $7.59B
Learn more about QBTS stock on TipRanks’ Stock Analysis page.

