D-Wave Quantum Inc. (NYSE:QBTS) is among the tech stocks to sell according to billionaires, with billionaire holdings falling from approximately $95.53 million in Q4 2025 to $39.67 million in Q1 2026, a decline of about $55.86 million.
Yet even as billionaires trimmed their stakes through the first quarter, Wall Street firms have been moving in the opposite direction, raising price targets and reiterating bullish ratings following D-Wave Quantum Inc. (NYSE:QBTS)’s first-ever analyst day.
On June 15, 2026, Mizuho analyst Vijay Rakesh raised his price target on D-Wave Quantum Inc. (NYSE:QBTS) to $35 from $29 while maintaining an “Outperform” rating, citing the analyst day presentation. Rakesh told investors that D-Wave extended its gate-based roadmap, targeting 10 logical qubits by 2030 and scaling to 100 by 2032, with prior targets still on track.
Mizuho said D-Wave Quantum Inc. (NYSE:QBTS) continues to lead in annealing quantum computing.
That update followed a June 2, 2026, note from Rosenblatt, which maintained its “Buy” rating and $43.00 price target after D-Wave Quantum Inc. (NYSE:QBTS)’s inaugural analyst day at the New York Stock Exchange. Management demonstrated both its quantum annealing and gate-based systems and detailed its product roadmap and financial targets, the firm added. Rosenblatt pointed to D-Wave’s ability to generate revenue from its annealing technology while developing what the firm called a competitive gate-based offering, noting the company operates both technologies.
The firm also cited the U.S. government’s recent $100 million investment in D-Wave Quantum Inc. (NYSE:QBTS) as validation of both quantum approaches. The stock is down nearly 9% year-to-date.
D-Wave Quantum Inc. (NYSE:QBTS) is engaged in developing and selling quantum computing systems, software, and services. It has an extensive product portfolio, which includes Advantage, Advantage 2, an open-source tool suite, and more. It also supplies a combination of quantum and classical computation resources.
While we acknowledge the risk and potential of QBTS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QBTS and that has 10,000% upside potential, check out our report about the cheapest AI stock.
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