D-Wave Quantum (NASDAQ:QBTS) Stock Gets Price Target Trim from B. Riley Financial

D-Wave Quantum (NASDAQ:QBTS) had its target price lowered by B. Riley Financial from $40.00 to $27.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. BMO Capital Markets started coverage on D-Wave Quantum in a research report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target for the company. Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Benchmark initiated coverage on D-Wave Quantum in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 price objective for the company. Zacks Research lowered shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a research note on Thursday, August 6th. Thirteen 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. Based on data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average price target of $35.40.

D-Wave Quantum Trading Up 0.1%

QBTS opened at $10.38 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The company’s 50 day moving average is $14.89 and its 200 day moving average is $19.09. D-Wave Quantum has a 12-month low of $10.02 and a 12-month high of $32.39.

D-Wave Quantum (NASDAQ:QBTS) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $4.03 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The firm’s quarterly revenue was down 0.6 on a year-over-year basis. As a group, equities analysts expect that D-Wave Quantum will post -0.50 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently bought and sold shares of QBTS. CoreCap Advisors LLC grew its holdings in D-Wave Quantum by 9.2% during the 2nd quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock valued at $147,000 after purchasing an additional 515 shares during the last quarter. GAMMA Investing LLC raised its position in D-Wave Quantum by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock worth $65,000 after purchasing an additional 698 shares during the period. Private Advisor Group LLC raised its position in D-Wave Quantum by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock worth $481,000 after purchasing an additional 781 shares during the period. Fiduciary Financial Advisors purchased a new stake in D-Wave Quantum in the 2nd quarter worth about $25,000. Finally, Strengthening Families & Communities LLC lifted its stake in D-Wave Quantum by 72.6% in the third quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company’s stock worth $41,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave says its upgraded Stride hybrid solver found better solutions in 15 seconds than the prior version did in 120 seconds in benchmark testing. It also launched developer training courses, steps that could support adoption, though the company did not announce a related revenue impact. Article: D-Wave Boosts Stride Hybrid Solver Performance
• Positive Sentiment: A separate report points to customer and partner additions and the possibility of up to $100 million in government funding, which could support D-Wave’s growth if secured. Article: This Quantum Computing Stock Could Be the Next to Soar
• Neutral Sentiment: The broader quantum-computing sector sold off in October, with QBTS falling 35.7% for the month. Coverage linked sector pressure partly to dilution concerns after rival IonQ announced a $2 billion equity offering; that concern is industry-wide, not a D-Wave financing announcement. Article: Why D-Wave Quantum Stock Led a Quantum Computing Crash in October
• Negative Sentiment: B. Riley lowered its price target to $27 from $40, while maintaining a Buy rating. The lower target may reinforce caution after the stock’s steep decline. Article: B. Riley Cut Its D-Wave Target to $27
• Negative Sentiment: Several law firms publicized a pending securities class action covering investors who bought QBTS shares from February 26 through August 25, 2026. The complaint alleges misleading statements or omissions about the company’s prospects; these are allegations, not established findings. The lead-plaintiff deadline is December 15, 2026. Article: D-Wave Class Action Deadline

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.