Quantum computing stocks have been a rollercoaster for investors, and Quantum Computing Inc. (QUBT) is a prime example. Trading at a fraction of its 2025 peak above $25, QUBT now sits near $9.50 with analyst price targets ranging wildly from $10 to $27. The disconnect between Wall Street’s optimism and what the numbers actually show makes this a case worth examining carefully.

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Current Price: $9.50 · Market Cap: $2.13B · Volume: 80,441 shares · P/E Ratio: -68.41 · Analyst Consensus: Hold

Quick snapshot

1Confirmed facts
  • QUBT traded at $8.07 on April 14, 2026 (MarketBeat)
  • Analyst average price target stands at $17.00 (MarketBeat)
  • Stock rose from $0.95 in January 2024 to above $25 in October 2025 (Capital.com)
2What’s unclear
  • Whether QUBT will reach profitability given its negative P/E ratios
  • Exact timing of meaningful quantum computing revenue growth
  • Institutional ownership breakdown beyond Millennium Management
3Timeline signal
  • Dec 2025: Ascendiant cut PT to $25, Wedbush initiated at $12 (MarketBeat)
  • Mar 2026: Cantor Fitzgerald slashed PT from $15 to $10 (MarketBeat)
  • Mar 2026: Weiss Ratings maintained “sell (D-)” rating (MarketBeat)
4What’s next
  • Revenue growth projections of 167% next quarter, 200% next year (TheStreet)
  • Next earnings report will test whether QUBT can sustain current valuation (TheStreet)
  • Full Q1 2026 financials remain partially undisclosed (TheStreet)

The key metrics below reflect QUBT’s current positioning against its historical trading range.

Metric Value
Stock Symbol QUBT
Exchange NASDAQ
Current Price $9.50
Market Cap $2.13B
Volume 80,441 shares
P/E Ratio -68.41
Beta 3.67 (high volatility)
Insider Ownership 19.3%
52-Week High $25+ (early Oct 2025)
52-Week Low $0.95 (Jan 23, 2024)

Is Quantum Computing Inc a good stock to buy?

The honest answer depends entirely on your risk tolerance and time horizon. QUBT beat earnings per share estimates in Q1 2026, reporting a loss of $0.01 per share against a forecast of -$0.04, but missed revenue expectations. Analysts remain divided: StockAnalysis shows 5 analysts rating it “Strong Buy” with an average price target of $17.00 implying over 77% upside, while Zacks places the average target at $18.50 with a range of $15-$22.

Upsides

  • Analyst consensus targets 77-80% upside from current levels (StockAnalysis)
  • Revenue growth projected at 167% next quarter, 200% next year (TheStreet)
  • High insider ownership (19.3%) suggests confidence from management
  • QUBT ranks among top quantum computing stocks by trading volume alongside IonQ (IONQ) and D-Wave Quantum (QBTS) (MarketBeat)

Downsides

  • Negative P/E ratios (-68.41) indicate no current profitability
  • Cantor Fitzgerald slashed price target from $15 to $10 in March 2026 (MarketBeat)
  • Weiss Ratings maintained “sell (D-)” rating as of March 2026 (MarketBeat)
  • 200-day SMA ($11.56) sitting well above current price signals bearish momentum (MarketBeat)
  • High beta (3.67) means outsized volatility in either direction

For growth investors with high risk tolerance, QUBT offers exposure to a sector that Bill Gates believes will matter commercially within five years. For conservative investors, the negative P/E, declining price targets, and Nvidia CEO’s 15-30 year timeline for useful quantum computing suggest waiting for clearer signals.

Analyst views

The gap between bullish and bearish analyst calls is striking. While StockAnalysis shows strong buy sentiment, firms like Weiss Ratings and Wall Street Zen (downgraded to sell on March 7, 2026) paint a darker picture. Investors should weight these conflicting views against their own research.

What is the best quantum computing stock?

Comparing QUBT against its quantum computing peers reveals different risk-reward profiles. D-Wave Quantum (QBTS) carries a “Strong Buy” rating with Benchmark placing its price target at $8, citing balance sheet improvements. IonQ operates in the moderate buy category while QUBT sits in mixed hold/strong buy territory. The key differentiator: D-Wave and Rigetti have attracted more analyst confidence, according to Barchart.

Technical indicators tell their own story: QUBT’s 50-day SMA of $7.75 sits below the 200-day SMA of $11.56, creating a classic bearish signal. By contrast, CoinCodex shows QUBT’s 50-day at $7.80 versus 200-day at $13.19, confirming the downward momentum trend.

Top quantum computing stocks list

  • IonQ (IONQ) — Moderate Buy rating, top quantum stock by trading volume alongside QUBT
  • D-Wave Quantum (QBTS) — Strong Buy, Benchmark PT $8 from $3
  • Rigetti Computing — Highlighted as strong buy alternative by Barchart
  • Quantum Computing Inc. (QUBT) — Mixed Hold/Strong Buy, high volatility

QUBT vs competitors

This comparison table highlights how QUBT stacks up against its main quantum computing rivals across key metrics.

Metric QUBT D-Wave (QBTS) IonQ
Analyst Rating Mixed Hold/Strong Buy Strong Buy Moderate Buy
Price Target (Avg) $17.00 $8.00 Varies
P/E Ratio -68.41 N/A N/A
Beta 3.67 Higher Moderate
Upside Potential 77-80% 50% Varies

QUBT offers higher upside potential but carries substantially more risk than competitors. D-Wave has cleaner analyst support while QUBT’s valuation relies heavily on future revenue promises that remain unproven.

Quantum Computing (QUBT) Stock Forecast: Analyst Ratings

Wall Street’s collective view on QUBT has shifted dramatically over the past year. MarketBeat reports that as of April 14, 2026, analyst ratings break down to 3 Buy, 2 Hold, and 1 Sell with a consensus “Hold” rating and $17 average target. This masks significant internal disagreement: Zacks shows an average target of $18.50 with a range spanning $15-$22, while TradingView reports an alternative consensus of $26.33 with a maximum target of $40.

Price predictions

Long-term forecasts paint an optimistic picture: CoinCodex (a tier-3 source) projects QUBT reaching $11.89 by end of 2026 (24.22% gain) and $19.81 by 2030. Fintel reports an average one-year target of $16.58. The wide dispersion between targets—from $10 to $40—underscores the uncertainty surrounding quantum computing commercialization timelines.

Recent performance

The stock’s journey tells a dramatic story. Starting at just $0.95 on January 23, 2024, QUBT climbed into double digits during 2025 and touched $25+ intraday in early April 2026 before retreating. Capital.com documents this trajectory alongside Rosenblatt Securities initiating coverage with a $22 buy target. The subsequent decline—QUBT traded $11.35-$12.75 on November 20, 2025, closing at $11.94 per Robinhood—reflects both profit-taking and growing skepticism about quantum computing’s near-term commercial viability.

The pattern of surging on hype and retreating on skepticism has defined QUBT’s trading dynamics since 2024.

The catch

Despite the bullish analyst average, three major downgrades occurred in March 2026 alone: Cantor Fitzgerald ($15→$10), Wall Street Zen (to sell), and Weiss Ratings (sell D-). This near-term pessimism clashes with the longer-term optimism embedded in higher price targets, creating a trading opportunity—or trap—depending on your time horizon.

What did Elon Musk say about quantum computing?

Direct quotes from Elon Musk specifically about QUBT don’t exist in verified sources. However, Musk has touched on quantum computing’s implications. Barchart notes speculation about whether Musk will tackle quantum computing in 2025, but emphasizes that D-Wave and Rigetti are highlighted as stronger buy candidates than QUBT in this context.

Bitcoin impact quote

The conversation around quantum computing often intersects with cryptocurrency concerns. Musk has discussed the “plus side” of quantum computing potentially breaking current Bitcoin encryption, framing it as a double-edged development for the crypto ecosystem.

The upshot

Investors seeking Musk-driven quantum computing plays should look elsewhere—QUBT has no verified direct connection to Musk or his ventures. Any investment thesis built on anticipated Musk involvement lacks factual grounding.

Does Warren Buffett own any quantum computing stocks?

Berkshire Hathaway’s portfolio shows no quantum computing holdings. Buffett has historically avoided technology stocks outside his comfort zone, and quantum computing’s unproven revenue streams make it even less likely for the Oracle of Omaha to take a position. However, Bill Gates has offered perspective: Barchart reports Gates views meaningful quantum computing development arriving in three to five years.

Buffett investments

Quantum computing remains far from Buffett’s investment philosophy. The sector lacks the predictable cash flows, competitive moats, and established business models that characterize Berkshire’s holdings. Tech-adjacent investments in his portfolio focus on companies like Apple—mature businesses with proven monetization.

Bill Gates views

Gates’ three-to-five year timeline for meaningful quantum development contrasts sharply with Nvidia CEO Jensen Huang’s assessment that useful quantum computers remain 15-30 years away. This gap between optimistic and conservative timelines is exactly where investor risk lives—Gates may be right, but betting on his timeline has burned momentum players before.

Why this matters

Jim Cramer added his voice to the skeptics, stating 2025 was “far too early” for meaningful quantum computing investment. Yet stocks like QUBT surged anyway on pure speculation, creating the volatile price action we’ve witnessed. For long-term investors, this disconnect between celebrity opinion and fundamental reality is the core challenge.

“Quantum Computing (QUBT) is expected to grow revenue 167% for the current quarter, 40% for the full year, and 200% next year.”

— Guilfoyle, TheStreet Pro contributor (TheStreet)

Nvidia CEO Jensen Huang stated that most useful quantum computers remain 15-30 years away, a timeline that directly challenges quantum computing stock valuations.

— Jensen Huang, Nvidia CEO (Barchart)

QUBT trades near $9.50 with a market cap of $2.13 billion despite posting negative earnings. The stock’s 77-80% upside potential according to analysts conflicts with March 2026 downgrades from Cantor Fitzgerald, Wall Street Zen, and Weiss Ratings. Jim Cramer’s skepticism about quantum computing’s 2025 timeline adds another layer of caution for short-term traders.

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Additional sources

marketbeat.com

QUBT forecasts draw from analyst views on quantum stocks, with detailed price trends and predictions outlined in Nasdaq QUBT forecast analysis.

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Frequently asked questions

What is Quantum Computing Inc?

Quantum Computing Inc. (ticker: QUBT) is a NASDAQ-listed company focused on developing quantum computing software and services. The company went from trading below $1 in early 2024 to peaks above $25 in October 2025, driven by investor enthusiasm for quantum computing’s potential.

Quantum computing share price history?

QUBT started 2024 at $0.95 (January 23), climbed through 2025, and hit $25+ in early October 2025. The stock retreated to $11.94 by November 2025, fell to around $12 in January 2026, traded at $8.07 on April 14, 2026, and now sits near $9.50.

Why is QUBT stock falling?

Multiple factors contributed: Cantor Fitzgerald slashed price target from $15 to $10 in March 2026, Weiss Ratings maintained a “sell (D-)” rating, and Wall Street Zen downgraded to sell. The stock trades below its 200-day SMA ($11.56) and faces skepticism about near-term quantum computing commercialization despite bullish long-term forecasts.

Best quantum computing stocks to buy?

D-Wave Quantum (QBTS) carries stronger analyst support (Strong Buy), while IonQ holds Moderate Buy status. QUBT offers higher potential upside but more risk. Barchart highlights D-Wave and Rigetti as strong buy alternatives.

What is the QUBT stock forecast?

Analyst consensus sits at $17 average price target (77-80% upside from current levels), with targets ranging from $10 (Cantor Fitzgerald) to $40 (TradingView alternative). Revenue growth projections show 167% next quarter, 40% full year, 200% next year. CoinCodex projects $11.89 by end-2026 and $19.81 by 2030.

Does Bill Gates own quantum computing stocks?

Bill Gates hasn’t taken a public position in quantum computing stocks through Gates Foundation or personal holdings disclosures. However, he’s stated that meaningful quantum computing development could arrive in three to five years—a timeline more optimistic than Nvidia CEO Jensen Huang’s 15-30 year estimate.

Has Elon Musk invested in quantum computing?

No verified sources connect Elon Musk to QUBT or other specific quantum computing stocks. Barchart notes speculation about Musk tackling quantum computing in 2025, but this remains unconfirmed and applies to industry generally rather than specific companies.