D-Wave Quantum (NASDAQ:QBTS) Shares Down 5.3% on Analyst Downgrade

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price traded down 5.3% on Monday after B. Riley Financial lowered their price target on the stock from $40.00 to $27.00. B. Riley Financial currently has a buy rating on the stock. D-Wave Quantum traded as low as $10.02 and last traded at $10.09. 11,484,440 shares were traded during trading, a decline of 55% from the average session volume of 25,611,928 shares. The stock had previously closed at $10.65.

Other research analysts have also issued reports about the company. Zacks Research lowered D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Wedbush assumed coverage on D-Wave Quantum in a report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target on the stock. Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a research report on Thursday, August 6th. BMO Capital Markets began coverage on D-Wave Quantum in a research report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target on the stock. Finally, Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

D-Wave Quantum News Roundup

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

• Positive Sentiment: B. Riley maintained a Buy rating while lowering its price target from $40 to $27. Although the reduction signals more cautious expectations, the new target still implies substantial upside from recent trading levels. B. Riley price target report
• Neutral Sentiment: A comparison of D-Wave Quantum and Rigetti Computing highlights D-Wave’s focus on commercial quantum annealing and its expansion into government-related business, but it does not announce a new contract, financial result, or material change to the company’s outlook. D-Wave Quantum versus Rigetti comparison
• Negative Sentiment: Several law firms reminded investors of a December 15, 2026 deadline to seek lead-plaintiff status in a securities class action covering purchases made from February 26 through August 25, 2026. The complaints allege that D-Wave overstated growth and operational momentum before reported revenue failed to meet expectations. The allegations have not been proven, but the repeated announcements increase reputational, legal, and potential financial risks for QBTS. Glancy securities lawsuit announcement Rosen securities lawsuit announcement

Hedge Funds Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. Fiduciary Financial Advisors acquired a new position in shares of D-Wave Quantum during the second quarter worth $25,000. Ancora Advisors LLC acquired a new stake in D-Wave Quantum in the second quarter valued at $39,000. Kelleher Financial Advisors acquired a new stake in D-Wave Quantum in the second quarter valued at $39,000. Adirondack Trust Co. lifted its holdings in D-Wave Quantum by 267.3% during the 3rd quarter. Adirondack Trust Co. now owns 1,649 shares of the company’s stock worth $27,000 after buying an additional 1,200 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after buying an additional 1,511 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Price Performance

The stock has a fifty day simple moving average of $15.45 and a 200-day simple moving average of $19.38. The company has a market capitalization of $3.73 billion, a PE ratio of -14.21 and a beta of 2.35. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

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

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.