D-Wave Quantum (NASDAQ:QBTS) Rating Lowered to Hold at Zacks Research

D-Wave Quantum (NASDAQ:QBTS) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

QBTS has been the subject of several other research reports. B. Riley Financial raised their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. Mizuho lifted their price target 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. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a report on Tuesday, June 2nd. Finally, Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.36.

D-Wave Quantum Trading Down 1.1%

Shares of NASDAQ:QBTS opened at $19.32 on Tuesday. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. D-Wave Quantum has a 52-week low of $12.75 and a 52-week high of $46.75. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of -27.21 and a beta of 2.15. The business has a 50-day moving average price of $20.78 and a 200-day moving average price of $20.25.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same quarter last year, the company posted ($0.08) EPS. D-Wave Quantum’s quarterly revenue was down 0.6 compared to the same quarter last year. Equities analysts predict that D-Wave Quantum will post -0.46 EPS for the current year.

Insider Buying and Selling at D-Wave Quantum

In other news, CFO John M. Markovich sold 328,752 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the completion of the sale, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at $39,966,114. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan E. Baratz sold 687,627 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 3,299,771 shares of the company’s stock, valued at $86,223,016.23. The trade was a 17.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,340,817 shares of company stock valued at $35,352,133. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently modified their holdings of the business. World Investment Advisors lifted its position in D-Wave Quantum by 195.7% during the fourth quarter. World Investment Advisors now owns 41,691 shares of the company’s stock worth $1,090,000 after buying an additional 27,592 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in D-Wave Quantum by 319.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after purchasing an additional 75,198 shares during the last quarter. Clear Street Group Inc. increased its position in D-Wave Quantum by 40.4% during the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock worth $111,955,000 after purchasing an additional 1,232,106 shares during the last quarter. Cibc World Market Inc. raised its stake in D-Wave Quantum by 295.0% during the fourth quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock worth $1,432,000 after purchasing an additional 40,897 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of D-Wave Quantum in the 4th quarter valued at approximately $1,185,000. 42.47% of the stock is currently owned by institutional investors and hedge funds.

More D-Wave Quantum News

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

• Positive Sentiment: Commercial adoption is expanding. NTT DOCOMO deployed a second D-Wave-powered quantum application in production for network operations. The development provides evidence that D-Wave’s technology is moving beyond experimentation toward real-world enterprise use. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
• Positive Sentiment: Bookings showed significant momentum. A recent comparison article highlighted a 1,120% year-over-year increase in second-quarter bookings to $36 million, suggesting potential for future revenue growth if the company converts bookings into recognized sales. D-Wave Quantum vs. Microsoft
• Positive Sentiment: Sector and policy catalysts remain supportive. Coverage points to recent U.S. quantum initiatives and the intensifying U.S.-China technology race as potential long-term tailwinds for D-Wave and other quantum-computing companies. U.S.-China 2026 Tech Race
• Neutral Sentiment: Analysts see substantial upside, but execution is critical. One review cited approximately 71% implied price upside while warning that investors need evidence of bookings translating into revenue. Quantum-focused investors are also comparing individual stocks such as QBTS with diversified ETFs. D-Wave Stock: 71% Potential Upside
• Negative Sentiment: Valuation and profitability remain major risks. D-Wave has minimal revenue, remains unprofitable and trades at a valuation that critics describe as excessive. Its latest quarterly revenue also came in below expectations, increasing the importance of future commercial conversion.
• Negative Sentiment: Higher interest rates are hurting speculative stocks. A rise in long-term Treasury yields triggered a broad rotation out of high-risk technology names, including quantum stocks, weighing on QBTS alongside IonQ and Rigetti. Quantum Stocks Fall as Rates Force Rotation

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.