D-Wave Quantum (NASDAQ:QBTS) Price Target Cut to $30.00 by Analysts at Rosenblatt Securities

D-Wave Quantum (NASDAQ:QBTS) had its target price decreased by Rosenblatt Securities from $43.00 to $30.00 in a research note published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

A number of other analysts have also commented on QBTS. Benchmark started coverage on D-Wave Quantum in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 price objective on the stock. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. B. Riley Financial reduced their price objective on shares of D-Wave Quantum from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday. Zacks Research lowered shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Wedbush started coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.71.

D-Wave Quantum Stock Performance

Shares of QBTS opened at $10.65 on Wednesday. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $14.22 and a two-hundred day moving average of $18.68. D-Wave Quantum has a 12-month low of $8.48 and a 12-month high of $32.39. The stock has a market cap of $3.94 billion, a P/E ratio of -24.77 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS) last announced its earnings results on Tuesday, November 10th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The company had revenue of $4.51 million for the quarter, compared to analyst estimates of $4.37 million. D-Wave Quantum had a negative net margin of 1,188.79% and a negative return on equity of 15.39%. During the same quarter last year, the company posted ($0.41) EPS. As a group, research analysts predict that D-Wave Quantum will post -0.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of QBTS. Private Advisor Group LLC increased its position in D-Wave Quantum by 39.7% during the third 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 grew its position in D-Wave Quantum by 7.0% during the third quarter. Voya Investment Management LLC now owns 1,161,501 shares of the company’s stock valued at $19,246,000 after acquiring an additional 76,350 shares during the period. Bogart Wealth LLC grew its position in D-Wave Quantum by 36.5% during the third quarter. Bogart Wealth LLC now owns 4,065 shares of the company’s stock valued at $67,000 after acquiring an additional 1,086 shares during the period. Cibc World Market Inc. grew its position 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 valued at $1,296,000 after acquiring an additional 17,339 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in D-Wave Quantum during the 3rd quarter worth approximately $340,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

More D-Wave Quantum News

Here’s some of the latest news about QBTS:

• Positive Sentiment: Analysts maintained Buy ratings despite lowering price targets. Canaccord, Needham, Stifel, and Rosenblatt cut their targets, but continued to rate QBTS Buy—providing a more constructive counterpoint to recent earnings concerns. Canaccord analyst update
• Neutral Sentiment: Conditional federal funding and a sizable cash balance support execution. The company reported $503.4 million in cash and marketable securities and an agreement for access to up to $100 million in CHIPS Act funding, subject to milestones and other conditions. D-Wave funding and bookings report
• Negative Sentiment: Class-action litigation remains an overhang. Multiple law firms publicized a pending securities class action alleging misleading statements about the company’s prospects; investors have until December 15, 2026, to seek lead-plaintiff status. The allegations have not been established in court. Class-action deadline notice

About D-Wave Quantum

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.