D-Wave Quantum (NASDAQ:QBTS) Stock Falls 7.6% After Analyst Downgrade

D-Wave Quantum Inc. (NASDAQ:QBTS) dropped 7.6% during trading on Thursday after StoneX lowered their price target on the stock from $30.00 to $20.00. StoneX currently has a buy rating on the stock. D-Wave Quantum traded as low as $9.81 and last traded at $9.84. 13,776,095 shares were traded during trading, a decline of 46% from the average daily volume of 25,357,672 shares. The stock had previously closed at $10.65.

QBTS has been the subject of several other reports. Mizuho set a $23.00 price objective on shares of D-Wave Quantum in a research note on Tuesday. Rosenblatt Securities reduced their target price on shares of D-Wave Quantum from $43.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered their target price on shares of D-Wave Quantum from $35.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday. Needham & Company LLC dropped their price target on shares of D-Wave Quantum from $40.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Jefferies Financial Group set a $40.00 price target on shares of D-Wave Quantum in a report on Friday, August 7th. Fifteen 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Latest D-Wave Quantum News

These are some of the QBTS news items that stood out recently:

• Positive Sentiment: D-Wave was named a “Market Shaper” in Gartner’s November 2026 quantum-computing vendor assessment, offering industry recognition that could support its commercial credibility. Article
• Neutral Sentiment: StoneX cut its price target from $30 to $20 but kept a Buy rating, reflecting a more cautious valuation outlook while retaining confidence in the stock’s potential. Analyst rating
• Negative Sentiment: Recent quarterly results raised concerns about execution and cash burn: revenue of $4.51 million beat estimates and grew 21% year over year, but losses widened, the EPS loss missed expectations, and quarterly bookings reportedly fell 19%. Investors may also be focused on the gap between reported growth and the company’s low current revenue base. Article

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds have recently modified their holdings of the stock. Burr Financial Services LLC purchased a new stake in D-Wave Quantum in the third quarter valued at approximately $6,343,000. Allspring Global Investments Holdings LLC raised its position in D-Wave Quantum by 319.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after buying an additional 75,198 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in D-Wave Quantum by 64.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 183,481 shares of the company’s stock worth $2,648,000 after buying an additional 72,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in D-Wave Quantum by 289.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 143,064 shares of the company’s stock valued at $2,064,000 after acquiring an additional 106,324 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new stake in D-Wave Quantum during the 2nd quarter valued at approximately $1,945,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Stock Performance

The firm’s 50 day simple moving average is $14.22 and its 200 day simple moving average is $18.68. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of -22.88 and a beta of 2.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The firm had revenue of $4.51 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted ($0.41) EPS. Sell-side analysts forecast that D-Wave Quantum Inc. will post -0.50 earnings per share for the current fiscal year.

D-Wave Quantum Company Profile

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.