D-Wave Quantum (NYSE:QBTS) Downgraded by Wall Street Zen to “Sell”

D-Wave Quantum (NYSE:QBTS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research analysts have also recently commented on the stock. B. Riley increased their target price on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Roth Capital set a $40.00 price target on shares of D-Wave Quantum in a research report on Thursday, November 6th. Rosenblatt Securities increased their price objective on shares of D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Zacks Research raised D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Mizuho initiated coverage on D-Wave Quantum in a report on Thursday, December 11th. They set an “outperform” rating and a $46.00 target price on the stock. Fourteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Stock Up 7.6%

QBTS stock opened at $26.78 on Friday. The business has a 50-day moving average of $28.64 and a 200-day moving average of $22.28. D-Wave Quantum has a fifty-two week low of $3.74 and a fifty-two week high of $46.75. The stock has a market capitalization of $9.38 billion, a P/E ratio of -19.84 and a beta of 1.57. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $3.74 million for the quarter, compared to analysts’ expectations of $3.03 million. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The company’s revenue was up 105.6% compared to the same quarter last year. On average, sell-side analysts anticipate that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John D. Dilullo sold 8,000 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.36, for a total value of $218,880.00. Following the sale, the director owned 27,803 shares in the company, valued at approximately $760,690.08. This represents a 22.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.28, for a total value of $242,800.00. Following the sale, the director directly owned 37,778 shares of the company’s stock, valued at $917,249.84. This represents a 20.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,448,375 shares of company stock worth $39,155,482 in the last three months. 3.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in D-Wave Quantum by 41.2% during the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after acquiring an additional 11,218,255 shares during the last quarter. UBS Group AG grew its stake in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. State Street Corp grew its stake in shares of D-Wave Quantum by 41.3% in the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after acquiring an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC raised its stake in D-Wave Quantum by 41.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock worth $93,877,000 after purchasing an additional 1,883,109 shares in the last quarter. Finally, Marex Group plc acquired a new stake in D-Wave Quantum in the 2nd quarter worth about $80,070,000. 42.47% of the stock is owned by institutional investors.

Key Stores Impacting D-Wave Quantum

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

• Positive Sentiment: High-profile investor interest — reports say billionaire Ken Griffin bought D‑Wave, and a Fool piece highlights Wall Street bullishness that projects large upside (while noting valuation risk). This amplifies retail and institutional attention. Read More.
• Positive Sentiment: Jefferies initiated coverage with a Buy rating (coverage cited across outlets), supplying fresh institutional endorsement that supports upward momentum. Read More.
• Positive Sentiment: Wedbush initiated coverage with an Outperform and a $35 price target (~30% above current levels), giving the stock a clear analyst-driven upside narrative. Read More.
• Neutral Sentiment: Options and flow are mixed — some pick-up in activity but with no clear directional consensus, suggesting short-term volatility rather than a sustained trend. Read More.
• Neutral Sentiment: Sector commentary questions whether quantum names are due for a rebound; this frames D‑Wave within a broader thematic trade rather than company-specific fundamentals. Read More.
• Negative Sentiment: Insider selling was reported and immediately pressured the stock in intraday trade, a clear near-term negative catalyst that can sap investor confidence. Read More.
• Negative Sentiment: Valuation concerns after D‑Wave’s large 2025 gain (reported ~274% YTD) are being raised in market commentary — analysts and commentary pieces are warning the rally may not be fully justified, increasing the chance of corrections. Read More.

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.