D-Wave Quantum (NASDAQ:QBTS) Stock Rating Upgraded by Wall Street Zen

D-Wave Quantum (NASDAQ:QBTS) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.

QBTS has been the topic of several other reports. Jefferies Financial Group set a $40.00 target price on shares of D-Wave Quantum in a research report on Friday. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Northland Securities began coverage on D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price target on the stock. Roth Capital restated a “buy” rating and issued a $30.00 price target on shares of D-Wave Quantum in a report on Thursday. Finally, Zacks Research raised D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.36.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $20.76 on Friday. The company has a market cap of $7.68 billion, a P/E ratio of -29.24 and a beta of 2.15. D-Wave Quantum has a one year low of $12.75 and a one year high of $46.75. The business has a fifty day moving average of $21.74 and a two-hundred day moving average of $20.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 28.19% and a negative net margin of 2,001.59%.The company had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. During the same period last year, the company earned ($0.08) earnings per share. The business’s revenue for the quarter was down 0.6 compared to the same quarter last year. As a group, analysts predict that D-Wave Quantum will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO John M. Markovich sold 328,752 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total value of $9,106,430.40. Following the sale, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alan E. Baratz sold 687,627 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $26.13, for a total value of $17,967,693.51. Following the sale, the chief executive officer owned 3,299,771 shares in the company, valued at approximately $86,223,016.23. This trade represents a 17.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,363,842 shares of company stock worth $35,789,148. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of D-Wave Quantum

A number of large investors have recently made changes to their positions in QBTS. Wealthfront Advisers LLC purchased a new stake in D-Wave Quantum during the 2nd quarter worth about $1,312,000. Citizens Financial Group Inc. RI purchased a new position in D-Wave Quantum in the 2nd quarter valued at about $1,945,000. BlackRock Inc. purchased a new position in D-Wave Quantum in the 2nd quarter valued at about $795,206,000. Deutsche Bank AG acquired a new stake in shares of D-Wave Quantum during the 2nd quarter worth about $11,896,000. Finally, Principle Wealth Partners LLC acquired a new stake in shares of D-Wave Quantum during the 2nd quarter worth about $556,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

Key D-Wave Quantum News

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Bookings and customer adoption improved substantially. D-Wave reported a roughly 1,120% year-over-year increase in first-half bookings, a $40.7 million backlog and growing exposure to commercial customers. Management said production annealing usage is expanding, supporting the company’s long-term growth narrative. D-Wave CEO says QBTS ready to lead the quantum market after a 1,100% surge in first-half bookings
• Positive Sentiment: Analyst confidence is providing support. Rosenblatt Securities reaffirmed its “Buy” rating and set a $43 price target, implying substantial upside from current levels. Broader coverage also identifies quantum computing as a potential beneficiary of increasing AI investment and government support for next-generation computing. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026
• Neutral Sentiment: The investment case remains dependent on execution. D-Wave is developing a staged path toward commercially relevant gate-model quantum computing, while management expects a disproportionate share of 2026 revenue to arrive in the fourth quarter. That outlook could produce significant upside if adoption accelerates, but also leaves results sensitive to timing and customer deployments. QBTS Q2 Earnings Call Focuses on Adoption and Quantum Roadmaps
• Negative Sentiment: Second-quarter results missed expectations. Revenue was $3.08 million versus approximately $4.03 million expected, while the loss was $0.10 per share compared with an anticipated $0.08 loss. Revenue also declined slightly year over year, and the company continues to report substantial net losses. These results initially pressured the shares despite the bookings growth. QBTS Stock Falls on Wider-Than-Expected Q2 Loss and Revenue Miss

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.