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

Rosenblatt Securities restated their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research note released on Tuesday, MarketBeat.com reports. Rosenblatt Securities currently has a $43.00 price target on the stock.

Several other equities research analysts have also recently issued reports on QBTS. Northland Securities initiated coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price target on the stock. Mizuho raised their target price on shares of D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Finally, Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.47.

D-Wave Quantum Stock Performance

NYSE QBTS opened at $17.98 on Tuesday. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. D-Wave Quantum has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The business has a fifty day moving average of $22.78 and a 200-day moving average of $20.90. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of -15.91 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The business’s revenue for the quarter was down 80.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) earnings per share. As a group, analysts predict that D-Wave Quantum will post -0.42 earnings per share for the current fiscal year.

Insider Activity at D-Wave Quantum

In related news, Director Rohit Ghai sold 13,518 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director directly owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. This trade represents a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Alan E. Baratz sold 687,627 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the completion of the sale, the chief executive officer owned 3,299,771 shares of the company’s stock, valued at approximately $86,223,016.23. The trade was a 17.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,363,842 shares of company stock worth $35,789,148. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

A number of large investors have recently bought and sold shares of QBTS. Root Financial Partners LLC grew its stake in shares of D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares during the period. Parallel Advisors LLC raised its position in shares of D-Wave Quantum by 545.5% in the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after buying an additional 1,511 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of D-Wave Quantum in the 4th quarter worth $28,000. PeakShares LLC acquired a new position in D-Wave Quantum in the first quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after acquiring an additional 838 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

More D-Wave Quantum News

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

• Positive Sentiment: AT&T expansion strengthens the commercialization story. AT&T is expanding its use of D-Wave’s quantum-annealing technology across multiple network-operations workflows. One optimization task reportedly fell from roughly 60 minutes to 15 seconds, providing tangible evidence that D-Wave’s systems are being used for enterprise workloads rather than only research. D-Wave’s AT&T Enterprise Computing Opportunity
• Positive Sentiment: Analyst support remains strong. Rosenblatt Securities reiterated a Buy rating, while Benchmark recently initiated coverage with a Buy rating and a $30 price target. MarketBeat data shows a Moderate Buy consensus and an average target of $36.47, although these targets remain dependent on execution and future growth. Rosenblatt Buy Rating
• Positive Sentiment: Bookings and backlog are viewed as competitive advantages. Commentary ahead of second-quarter earnings highlights D-Wave’s record bookings, expanding backlog and stronger commercial traction compared with some quantum peers. Its addition to the Nasdaq Composite also improves visibility among investors. RGTI vs. QBTS
• Neutral Sentiment: Upcoming earnings are the next major catalyst. D-Wave, IonQ and Rigetti are due to report second-quarter results, which could determine whether the sector’s recent sell-off has gone too far. Investors will focus on bookings, revenue conversion, cash resources and additional enterprise contracts. Quantum Earnings and Sector Sell-Off
• Negative Sentiment: Financial performance remains weak. The latest reported quarter produced $2.86 million in revenue, down 80.9% year over year and below estimates. D-Wave also remains unprofitable, making the stock reliant on rapid commercialization and future contract growth.
• Negative Sentiment: Insider selling and sector risk weigh on sentiment. Vice President Sophie Ames sold 3,070 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced her holdings by only 0.52%, limiting its significance, but it arrived amid a broader retreat in high-multiple, pre-profit quantum and AI stocks. QBTS Stock Price and Insider Selling

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.