D-Wave Quantum Inc. (NASDAQ:QBTS) Stock Has Consensus Price Target of $36.27

D-Wave Quantum Inc. (NASDAQ:QBTS) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.27.

A number of analysts have recently issued reports on QBTS shares. BMO Capital Markets began coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They set an “outperform” rating and a $35.00 target price for the company. Benchmark started coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Wedbush started coverage on D-Wave Quantum in a research report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Zacks Research lowered D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave launched a beta simulator for gate-model quantum computing, an important strategic milestone that could broaden the company beyond its core quantum-annealing technology. The development is more relevant to D-Wave’s long-term technology position than to near-term revenue. D-Wave’s Gate-Model Tech Notches a Major Milestone
• Positive Sentiment: Recent catalysts include strong bookings entering the third quarter, CHIPS-related funding, a research advance published in Nature, and expanded use by AT&T. These developments support the bullish case if they lead to sustained commercial growth. QBTS Growth Catalysts
• Positive Sentiment: One Wall Street analyst reportedly sees potential for roughly 170% returns by 2027, giving the stock significant upside if an upcoming quarterly report validates bookings, customer adoption, and the broader growth narrative. D-Wave Quantum Analyst Outlook
• Neutral Sentiment: A partnership with CGI will integrate D-Wave’s hardware and hybrid solvers into CGI’s technology-services offerings, potentially improving enterprise reach, although the immediate financial impact was not disclosed. CGI Following D-Wave Deal
• Negative Sentiment: Multiple law firms, including Pomerantz and Kessler Topaz Meltzer & Check, announced investigations into potential securities-law violations and invited investors with losses to contact them. The announcements do not establish wrongdoing, but they add headline, litigation, and sentiment risk. Kessler Topaz QBTS Investigation Pomerantz QBTS Investigation
• Negative Sentiment: Investors remain concerned that D-Wave’s valuation depends heavily on future growth: its prior quarterly revenue missed expectations and the company remains unprofitable. The upcoming quarter is therefore a key test of whether recent bookings and partnerships represent durable demand or an expensive speculative story.

D-Wave Quantum Stock Down 3.6%

D-Wave Quantum stock opened at $15.22 on Friday. The firm has a market capitalization of $5.63 billion, a PE ratio of -21.44 and a beta of 2.18. The company’s 50-day moving average is $18.01 and its 200-day moving average is $19.78. D-Wave Quantum has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share 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 the consensus estimate of $4.03 million. During the same quarter last year, the company posted ($0.08) EPS. The firm’s revenue was down 0.6 on a year-over-year basis. Sell-side analysts anticipate that D-Wave Quantum will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In other D-Wave Quantum news, VP Sophie Ames sold 3,070 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the transaction, the vice president owned 589,009 shares in the company, valued at $9,983,702.55. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

A number of hedge funds have recently bought and sold shares of QBTS. BlackRock Inc. acquired a new stake in shares of D-Wave Quantum during the 2nd quarter worth $795,206,000. Bank of America Corp DE bought a new position in D-Wave Quantum in the 2nd quarter valued at about $104,183,000. Clear Street Group Inc. raised its position in shares of D-Wave Quantum by 40.4% in the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after buying an additional 1,232,106 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of D-Wave Quantum by 311.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after buying an additional 2,685,980 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of D-Wave Quantum by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock worth $56,132,000 after acquiring an additional 806,835 shares during the period. 42.47% of the stock is owned by institutional investors.

D-Wave Quantum Company Profile

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.