D-Wave Quantum (NASDAQ:QBTS) Shares Climb 2.7% – Time to Buy?

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) shot up 2.7% during trading on Wednesday. The stock traded as high as $12.23 and last traded at $12.10. Approximately 11,229,748 shares traded hands during trading, a decline of 57% from the average daily volume of 26,129,285 shares. The stock had previously closed at $11.78.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave is expanding in Europe after delivering Italy’s first annealing quantum-computing system under a reported €10 million VoltaB1 deal. The company also extended its semiconductor manufacturing relationship with SkyWater Technology, supporting future system production. Is Italy System Deployment Altering The Investment Case For D-Wave Quantum?
• Positive Sentiment: Approximately $546.2 million of liquidity gives D-Wave funding to continue quantum-computing development and commercial expansion despite elevated spending. This reduces immediate financing risk, although cash usage remains a concern. QBTS Liquidity Supports Expansion
• Neutral Sentiment: The investment case is increasingly dependent on D-Wave delivering two annealing systems in the fourth quarter and converting cloud customers into production users. Hardware differences versus IonQ also highlight the uncertainty over which quantum-computing approach will generate commercial returns. What Needs To Be True To Buy QBTS Stock Now?
• Negative Sentiment: Several law firms are promoting a securities class action covering investors who purchased QBTS shares from February 26 through August 25, 2026. The complaints allege that D-Wave overstated growth momentum before a revenue shortfall and CFO departure; these are allegations, not established findings. The lead-plaintiff deadline is generally December 15, 2026, although one notice cites December 14. QBTS Shareholder Alert
• Negative Sentiment: Valuation and execution risks remain significant: D-Wave has reportedly fallen about 70.8% over the past year while still trading at roughly 353 times sales, and rising cash burn and widening EBITDA losses increase pressure on future revenue growth.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BMO Capital Markets began coverage on shares of D-Wave Quantum in a research report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target on the stock. Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a report on Thursday, August 6th. Jefferies Financial Group set a $40.00 price target on D-Wave Quantum in a research report on Friday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a research note on Friday, August 7th. Finally, Wedbush began coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target on the stock. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

D-Wave Quantum Stock Up 2.7%

The firm has a market cap of $4.48 billion, a P/E ratio of -17.04 and a beta of 2.18. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $16.74 and a 200-day moving average of $19.66.

D-Wave Quantum (NASDAQ:QBTS) last announced 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). The business had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. D-Wave Quantum’s quarterly revenue was down 0.6 compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. On average, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors have recently modified their holdings of the business. Strengthening Families & Communities LLC increased its holdings in shares of D-Wave Quantum by 72.6% during 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 period. Adirondack Trust Co. raised its position in shares of D-Wave Quantum by 267.3% in the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company’s stock valued at $27,000 after buying an additional 1,200 shares in the last quarter. Focus Financial Network Inc. boosted its stake in shares of D-Wave Quantum by 60.8% in the third quarter. Focus Financial Network Inc. now owns 29,606 shares of the company’s stock valued at $491,000 after buying an additional 11,198 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in shares of D-Wave Quantum by 9.3% in the third quarter. Capital Advisors Wealth Management LLC now owns 22,216 shares of the company’s stock valued at $368,000 after buying an additional 1,890 shares during the period. Finally, GAMMA Investing LLC grew its position in D-Wave Quantum by 21.7% during the third quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock worth $65,000 after buying an additional 698 shares in the last quarter. Institutional investors own 42.47% of the company’s stock.

About D-Wave Quantum

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.