D-Wave Quantum’s (QBTS) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research note released on Wednesday,Benzinga reports. The firm currently has a $40.00 price objective on the stock.

A number of other equities analysts have also commented on the company. Roth Capital set a $40.00 price objective on D-Wave Quantum in a research note on Thursday, November 6th. Jefferies Financial Group began coverage on D-Wave Quantum in a research report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price target on the stock. Cantor Fitzgerald upped their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Mizuho initiated coverage on shares of D-Wave Quantum in a research note on Thursday, December 11th. They set an “outperform” rating and a $46.00 price objective on the stock. Finally, Wedbush began coverage on shares of D-Wave Quantum in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Price Performance

Shares of QBTS opened at $28.15 on Wednesday. The firm has a market capitalization of $9.85 billion, a PE ratio of -20.85 and a beta of 1.57. The company’s 50-day moving average is $26.34 and its 200-day moving average is $23.52. D-Wave Quantum has a fifty-two week low of $3.74 and a fifty-two week high of $46.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The business had revenue of $3.74 million during the quarter, compared to analysts’ expectations of $3.03 million. The firm’s revenue was up 105.6% on a year-over-year basis. Equities analysts forecast that D-Wave Quantum will post -0.41 EPS for the current year.

Insider Buying and Selling

In other D-Wave Quantum news, CEO Alan E. Baratz sold 793,712 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $30.13, for a total value of $23,914,542.56. Following the sale, the chief executive officer owned 2,633,163 shares in the company, valued at $79,337,201.19. This trade represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.28, for a total transaction of $242,800.00. Following the transaction, the director owned 37,778 shares of the company’s stock, valued at $917,249.84. This trade represents a 20.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,342,087 shares of company stock worth $66,073,024 in the last quarter. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently bought and sold shares of QBTS. Vanguard Group Inc. boosted its stake in shares of D-Wave Quantum by 41.2% during the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after purchasing an additional 11,218,255 shares in the last quarter. UBS Group AG raised its holdings in D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after buying an additional 10,205,427 shares during the last quarter. State Street Corp boosted its position in D-Wave Quantum by 41.3% during the 2nd quarter. State Street Corp now owns 6,648,395 shares of the company’s stock worth $97,333,000 after buying an additional 1,941,762 shares during the period. Geode Capital Management LLC grew its holdings in D-Wave Quantum by 41.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock worth $93,877,000 after acquiring an additional 1,883,109 shares during the last quarter. Finally, Marex Group plc acquired a new position in D-Wave Quantum in the 2nd quarter valued at approximately $80,070,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Agreement to acquire Quantum Circuits for $550M (cash + stock) bolsters D-Wave’s gate-model capabilities and gives the company a clear strategic path beyond annealing; the deal is cited as a major reason for renewed investor interest. D-Wave Stock In Focus — Strikes $550 Million Quantum Deal
• Positive Sentiment: Multiple Wall Street shops are reiterating buy/outperform ratings and raising price targets, providing broker support that can sustain demand near current levels (examples: Cantor Fitzgerald, Rosenblatt, Wedbush). Cantor Fitzgerald Remains a Buy on D-Wave Quantum (QBTS)
• Positive Sentiment: 2025 operational wins — strong revenue growth, major contracts, tech milestones (Advantage2 sales, cryogenic on‑chip control) and a large cash balance (~$836M) — underpin optimistic forward expectations for 2026 commercialization. D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026
• Neutral Sentiment: Unusual options activity and heavy trading volumes indicate short-term speculative positioning — can amplify intraday moves but not a directional signal by itself. D-Wave Quantum Unusual Options Activity For January 08
• Neutral Sentiment: Analyst price-target dispersion and large institutional repositioning (some funds adding, others trimming) are increasing volatility — consensus targets remain above current levels but vary widely. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Significant insider selling has been reported (numerous executive sales over recent months), which can worry investors about near‑term sentiment even if some sales are routine. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Valuation and longer-term commercialization risk remain key concerns — critics warn the sector could be overhyped and that useful, broad enterprise adoption may take years, which increases downside risk if growth disappoints. Prediction: 3 Popular Stocks Will Crash in 2026 When This Stock Market Bubble Bursts

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.