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

D-Wave Quantum (NASDAQ:QBTS) had its target price trimmed by B. Riley Financial from $27.00 to $22.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on QBTS. Zacks Research lowered D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Benchmark started coverage on shares of D-Wave Quantum in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 price target on the stock. Roth Capital restated a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $30.71.

D-Wave Quantum Stock Up 1.6%

QBTS stock opened at $10.65 on Monday. The firm has a 50 day moving average of $14.22 and a 200-day moving average of $18.68. 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 has a 12 month low of $8.48 and a 12 month high of $32.39.

D-Wave Quantum (NASDAQ:QBTS) last posted its earnings results 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). D-Wave Quantum had a negative return on equity of 15.39% and a negative net margin of 1,188.79%. The firm had revenue of $4.51 million for the quarter, compared to the consensus estimate of $4.37 million. During the same period last year, the company posted ($0.41) EPS. Equities analysts expect that D-Wave Quantum will post -0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors have recently bought and sold shares of the stock. Fiduciary Financial Advisors bought a new stake in D-Wave Quantum during the second quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of D-Wave Quantum during the third quarter valued at approximately $25,000. Silver Grove Financial Group Inc. boosted its position in shares of D-Wave Quantum by 304.2% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,524 shares of the company’s stock worth $25,000 after purchasing an additional 1,147 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of D-Wave Quantum in the 2nd quarter worth approximately $39,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of D-Wave Quantum in the 2nd quarter worth approximately $39,000. 42.47% of the stock is owned by institutional investors.

Latest D-Wave Quantum News

Here’s some of the latest news about QBTS:

• Positive Sentiment: Analysts maintained Buy ratings despite lowering price targets. Canaccord, Needham, Stifel, and Rosenblatt cut their targets, but continued to rate QBTS Buy—providing a more constructive counterpoint to recent earnings concerns. Canaccord analyst update
• Neutral Sentiment: Conditional federal funding and a sizable cash balance support execution. The company reported $503.4 million in cash and marketable securities and an agreement for access to up to $100 million in CHIPS Act funding, subject to milestones and other conditions. D-Wave funding and bookings report
• Negative Sentiment: Class-action litigation remains an overhang. Multiple law firms publicized a pending securities class action alleging misleading statements about the company’s prospects; investors have until December 15, 2026, to seek lead-plaintiff status. The allegations have not been established in court. Class-action deadline notice

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.