D-Wave Quantum (NYSE:QBTS) Raised to Strong-Buy at Benchmark

D-Wave Quantum (NYSE:QBTS) was upgraded by equities research analysts at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Mizuho boosted their target price on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Northland Securities began coverage on D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target on the stock. Finally, Jefferies Financial Group reissued a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.47.

D-Wave Quantum Trading Down 9.6%

QBTS stock opened at $17.64 on Monday. 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 has a twelve month low of $12.75 and a twelve month high of $46.75. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of -15.61 and a beta of 2.11. The firm’s fifty day simple moving average is $22.99 and its two-hundred day simple moving average is $21.07.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.19 million. During the same quarter last year, the business earned ($0.02) EPS. The business’s revenue was down 80.9% on a year-over-year basis. As a group, analysts anticipate that D-Wave Quantum will post -0.42 earnings per share for the current year.

Insider Buying and Selling at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the transaction, the director owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 200,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.71, for a total value of $5,142,000.00. Following the transaction, the chief financial officer owned 1,142,820 shares in the company, valued at approximately $29,381,902.20. This trade represents a 14.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 1,363,842 shares of company stock worth $35,789,148. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its stake in shares of D-Wave Quantum by 388.0% during the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after purchasing an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in D-Wave Quantum during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after acquiring an additional 838 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum during the fourth quarter valued at approximately $31,000. Finally, Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum in the third quarter valued at approximately $30,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Expanded AT&T partnership provides important commercial validation. AT&T is expanding its use of D-Wave’s quantum-annealing technology across network operations. A highlighted workload reportedly fell from approximately 60 minutes to 15 seconds—a 240-fold acceleration—suggesting D-Wave’s systems are moving beyond research and into real enterprise applications. D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory
• Positive Sentiment: Analyst targets signal significant potential upside. Rosenblatt Securities reaffirmed its Buy rating and assigned a $43 price target. Benchmark also initiated coverage with a Buy rating and a $30 target, reflecting increased confidence that commercial partnerships could improve D-Wave’s long-term growth outlook. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Sector volatility is tempering the initial rally. Quantum-computing shares rose sharply after the D-Wave and AT&T announcements but later decreased as Nvidia-led concerns about AI infrastructure spending triggered a broader technology pullback. The move appears partly related to profit-taking and sector-wide risk reduction rather than a reversal in the AT&T opportunity. D-Wave Quantum Dips, Moderating Previous Day’s Rally
• Negative Sentiment: Weak financial performance remains a key risk. D-Wave’s latest reported quarter included revenue of $2.86 million, down 80.9% year over year and below analyst expectations, despite an adjusted loss per share that beat forecasts. The company remains unprofitable and is valued largely on anticipated future commercialization.
• Negative Sentiment: Insider selling is a modest negative signal. Vice President Sophie Ames sold 3,070 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced her holdings by only 0.52%, limiting its importance. SEC Insider Filing

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.