D-Wave Quantum (NASDAQ:QBTS) Given New $23.00 Price Target at Stifel Nicolaus

D-Wave Quantum (NASDAQ:QBTS) had its target price decreased by investment analysts at Stifel Nicolaus from $35.00 to $23.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target indicates a potential upside of 119.47% from the company’s previous close.

QBTS has been the topic of a number of other research reports. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Jefferies Financial Group set a $40.00 price target on shares of D-Wave Quantum in a report on Friday, August 7th. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a research note on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

D-Wave Quantum Price Performance

NASDAQ QBTS opened at $10.48 on Wednesday. D-Wave Quantum has a twelve month low of $8.48 and a twelve month high of $32.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The stock has a market capitalization of $3.88 billion, a PE ratio of -14.76 and a beta of 2.35. The stock has a 50-day simple moving average of $14.34 and a 200 day simple moving average of $18.76.

D-Wave Quantum (NASDAQ:QBTS) last released its earnings results on Tuesday, November 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $4.51 million during the quarter, compared to analyst estimates of $4.37 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. During the same period last year, the business earned ($0.41) EPS. Research analysts anticipate that D-Wave Quantum will post -0.50 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its holdings in shares of D-Wave Quantum by 39.7% in the 3rd quarter. Private Advisor Group LLC now owns 67,706 shares of the company’s stock worth $1,122,000 after purchasing an additional 19,252 shares during the last quarter. Voya Investment Management LLC boosted its position in D-Wave Quantum by 7.0% in the third quarter. Voya Investment Management LLC now owns 1,161,501 shares of the company’s stock valued at $19,246,000 after buying an additional 76,350 shares in the last quarter. Bogart Wealth LLC boosted its position in D-Wave Quantum by 36.5% in the third quarter. Bogart Wealth LLC now owns 4,065 shares of the company’s stock valued at $67,000 after buying an additional 1,086 shares in the last quarter. Cibc World Market Inc. grew its stake in D-Wave Quantum by 28.5% during the third quarter. Cibc World Market Inc. now owns 78,228 shares of the company’s stock worth $1,296,000 after buying an additional 17,339 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in D-Wave Quantum during the third quarter worth about $340,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Revenue increased 21% year over year to $4.51 million, topping estimates. Nine-month bookings rose 611% to $37.4 million, while remaining performance obligations reached $38.3 million. D-Wave also reported $503.4 million in cash and investments and an agreement for access to up to $100 million in conditional CHIPS Act funding. D-Wave Reports Third Quarter 2026 Results
• Negative Sentiment: The company reported a quarterly loss of $0.13 per share, wider than the roughly $0.10 loss analysts expected, and a $48.2 million net loss. Operating expenses were $55.9 million, intensifying investor concern about cash burn despite the revenue beat. D Wave Quantum Stock Sinks As Q3 Results Expose Cash Burn
• Negative Sentiment: Third-quarter bookings fell about 19% year over year to $1.9 million, and reports noted weaker system sales. The nine-month bookings surge may not signal broad, steady demand: coverage says it was heavily influenced by a large university system sale, raising questions about the repeatability of growth. D-Wave Sinks as Q3 Loss Misses and Quarterly Bookings Fall
• Negative Sentiment: B. Riley cut its price target from $27 to $22, though it maintained a Buy rating. Separately, a securities class action has been filed alleging misstatements; the allegations are not proven, but the litigation adds uncertainty. B. Riley Financial Issues Pessimistic Forecast for D-Wave Quantum Class action announcement

D-Wave Quantum Company Profile

D-Wave Quantum develops quantum computing systems, software and services for commercial, government and research users. The company focuses on quantum annealing, an approach designed to help solve complex optimization and sampling problems, and offers hybrid tools that combine quantum processing with classical computing. Its offerings include Advantage quantum computers, the Leap quantum cloud service, and software for building and running applications. D-Wave’s technology is used to explore challenges such as scheduling, resource allocation and supply-chain optimization.