D-Wave Quantum (NYSE:QBTS) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of D-Wave Quantum (NYSE:QBTS) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other research analysts have also weighed in on QBTS. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on shares of D-Wave Quantum in a research note on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price objective for the company. Cantor Fitzgerald lifted their target price 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. Evercore ISI initiated coverage on D-Wave Quantum in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $44.00 target price for the company. Finally, Benchmark increased their price target on D-Wave Quantum from $20.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.67.

D-Wave Quantum Stock Down 3.9%

Shares of NYSE:QBTS opened at $28.15 on Friday. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of -20.85 and a beta of 1.57. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. D-Wave Quantum has a 12-month low of $3.74 and a 12-month high of $46.75. The business’s 50 day moving average is $26.34 and its 200 day moving average is $23.58.

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

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, Director Kirstjen Nielsen sold 7,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total transaction of $158,340.00. Following the completion of the transaction, the director owned 112,673 shares in the company, valued at $2,548,663.26. This trade represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.28, for a total transaction of $242,800.00. Following the completion of the transaction, the director owned 37,778 shares of the company’s stock, valued at $917,249.84. The trade was a 20.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,342,087 shares of company stock valued at $66,073,024. 3.20% of the stock is currently owned by insiders.

Institutional Trading of D-Wave Quantum

A number of institutional investors have recently modified their holdings of QBTS. Baird Financial Group Inc. grew its stake in D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after buying an additional 1,300 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after acquiring an additional 60,668 shares during the period. AQR Capital Management LLC grew its position in shares of D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after purchasing an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after purchasing an additional 52,437 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of D-Wave Quantum by 125.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after purchasing an additional 24,382 shares during the period. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

More D-Wave Quantum News

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.