D-Wave Quantum (NYSE:QBTS) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $40.00 price target on the stock.

A number of other equities research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Williams Trading set a $35.00 price objective on shares of D-Wave Quantum in a report on Monday, November 10th. B. Riley lifted their target price on shares of D-Wave Quantum from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Jefferies Financial Group started coverage on shares of D-Wave Quantum in a research report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Cantor Fitzgerald raised their price target on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Price Performance

QBTS opened at $30.17 on Wednesday. The stock has a fifty day moving average price of $26.65 and a 200 day moving average price of $23.38. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. D-Wave Quantum has a 1 year low of $3.74 and a 1 year high of $46.75. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of -22.35 and a beta of 1.57.

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

Insider Buying and Selling at D-Wave Quantum

In related news, CEO Alan E. Baratz sold 793,712 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $30.13, for a total transaction of $23,914,542.56. Following the completion of the sale, the chief executive officer directly owned 2,633,163 shares of the company’s stock, valued at approximately $79,337,201.19. This represents a 23.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.36, for a total transaction of $218,880.00. Following the sale, the director directly owned 27,803 shares in the company, valued at $760,690.08. This trade represents a 22.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,342,087 shares of company stock worth $66,073,024 in the last three months. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QBTS. Vanguard Group Inc. increased its stake in D-Wave Quantum by 41.2% during the 3rd 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 period. UBS Group AG increased its position 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 worth $298,737,000 after purchasing an additional 10,205,427 shares during the period. State Street Corp raised its stake in 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 purchasing 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 second quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock valued at $93,877,000 after purchasing an additional 1,883,109 shares in the last quarter. Finally, Marex Group plc bought a new stake in D-Wave Quantum during the second quarter worth about $80,070,000. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave agreed to acquire Quantum Circuits for $550 million (cash and stock), a deal management says will accelerate development of full-stack quantum systems and target product launches in 2026 — a strategic consolidation that could expand addressable markets and technical capabilities. D-Wave to Acquire Quantum Circuits for $550 Million
• Positive Sentiment: D-Wave disclosed a significant technical advance — scalable, on‑chip cryogenic control of gate‑model qubits — which supports the company’s move beyond annealing into gate‑model architectures, improving its long‑term technology story and commercial prospects. D-Wave Demonstrates First Scalable, On-Chip Cryogenic Control of Gate-Model Qubits
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating with a $40 price target, signaling continued analyst bullishness and offering upside relative to current levels. Benzinga Coverage of Rosenblatt Rating
• Neutral Sentiment: D-Wave plans to showcase commercial quantum systems at CES 2026, which could boost visibility and customer pipeline but has uncertain near‑term revenue impact. D-Wave to Bring Commercial Quantum Computing to CES 2026
• Neutral Sentiment: Analyst roundup pieces compile mixed views (nine analysts) — many see strong upside from tech progress, but estimates and conviction vary. These syntheses keep sentiment visible but not decisive. Demystifying D‑Wave: Insights From 9 Analyst Reviews
• Negative Sentiment: Valuation and profitability worries: coverage notes D‑Wave’s very high P/S and P/B ratios and persistent unprofitability; after a >200% rally in 2025, investors are taking profits and some are concerned about how quickly revenues will scale from niche large system sales to broader, repeatable commercial revenue. Assessing D‑Wave’s Valuation After Strong Long Term Share Price Gains
• Negative Sentiment: Market reaction included a sell‑off tied to the Quantum Circuits deal and questions about deal financing (cash + stock) and potential dilution or integration risk — short interest and prior gains amplify downside volatility. D‑Wave’s Year in Review: 2025 Wins Set the Stage for 2026

About D-Wave Quantum

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.