D-Wave Quantum Inc. (NYSE:QBTS) Receives $34.67 Average Price Target from Analysts

D-Wave Quantum Inc. (NYSE:QBTS) has been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $36.40.

Several research firms recently issued reports on QBTS. B. Riley Financial increased their price target on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday. Northland Securities began coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a “market perform” rating and a $22.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. TD Cowen began coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th.

D-Wave Quantum Stock Performance

Shares of NYSE:QBTS opened at $27.68 on Friday. The company’s 50 day moving average price is $20.55 and its two-hundred day moving average price is $22.19. D-Wave Quantum has a 12-month low of $12.75 and a 12-month high of $46.75. The firm has a market cap of $10.24 billion, a PE ratio of -24.50 and a beta of 2.05. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The firm had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The business’s revenue was down 80.9% compared to the same quarter last year. Equities research analysts predict that D-Wave Quantum will post -0.43 earnings per share for the current year.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave’s first Investor Day emphasized that quantum computing is already commercial, which may have reinforced the bull case for near-term revenue opportunities and helped lift investor sentiment. D-Wave (QBTS) Took the Gloves Off at Investor Day, Saying Quantum Computing Is Already Commercial
• Positive Sentiment: The company announced Great Place To Work Certification for 2026, signaling a strong internal culture during a period of rapid growth, which may support confidence in execution. D-Wave Certified as a Great Place To Work® Company
• Positive Sentiment: Jim Cramer said D-Wave “might be worth owning,” adding a notable media-tailwind for retail and momentum investors. Jim Cramer on D-Wave Quantum: “It Might Be Worth Owning”
• Positive Sentiment: Recent coverage highlighted a new federal funding commitment and broader optimism around quantum computing adoption, which may be helping keep QBTS in favor. D-Wave Sets 2032 Quantum Deadline — With $100 Million In Federal Backing
• Neutral Sentiment: Wall Street commentary and analyst coverage remain supportive overall, but these reports are largely sentiment-driven rather than new fundamental developments. D-Wave Quantum (QBTS) Stock Gets Wall Street Boost as Top Analyst Sees 33% Upside
• Neutral Sentiment: The CFO sold a small portion of shares, which can draw attention but does not appear large enough on its own to change the investment story. CFO John M. Markovich Insider Transaction
• Negative Sentiment: Quantum-computing stocks were broadly pressured as Quantinuum’s IPO neared, suggesting some investors may be rotating out of the sector despite D-Wave-specific positives. Rigetti, D-Wave, IonQ Stocks Sink as Quantinuum’s $1.5 Billion IPO Nears Nasdaq Debut

Insider Buying and Selling

In related news, Director Rohit Ghai sold 10,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the sale, the director owned 27,778 shares in the company, valued at approximately $489,448.36. This trade represents a 26.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sophie C. Ames sold 23,025 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total transaction of $437,014.50. Following the sale, the vice president owned 596,803 shares in the company, valued at $11,327,320.94. This represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 378,461 shares of company stock worth $10,064,084. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mutual Advisors LLC bought a new position in D-Wave Quantum in the 3rd quarter valued at approximately $1,069,000. Federated Hermes Inc. lifted its stake in D-Wave Quantum by 259,560.6% in the 3rd quarter. Federated Hermes Inc. now owns 184,359 shares of the company’s stock valued at $4,556,000 after purchasing an additional 184,288 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in D-Wave Quantum by 370.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 96,248 shares of the company’s stock valued at $2,378,000 after purchasing an additional 75,807 shares during the last quarter. SG Americas Securities LLC lifted its stake in D-Wave Quantum by 254.7% in the 4th quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company’s stock valued at $59,413,000 after purchasing an additional 1,631,415 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in D-Wave Quantum by 61.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 104,661 shares of the company’s stock valued at $2,801,000 after purchasing an additional 39,751 shares during the last quarter. Institutional investors own 42.47% of the company’s stock.

About D-Wave Quantum

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.