D-Wave Quantum Inc. (NYSE:QBTS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of D-Wave Quantum Inc. (NYSE:QBTS) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $37.8571.

A number of brokerages have recently weighed in on QBTS. Roth Mkm set a $40.00 target price on D-Wave Quantum in a research note on Thursday, November 6th. Mizuho initiated coverage on D-Wave Quantum in a research report on Thursday, December 11th. They issued an “outperform” rating and a $46.00 price objective on the stock. Jefferies Financial Group initiated coverage on D-Wave Quantum in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. Finally, Rosenblatt Securities restated a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a report on Wednesday, January 7th.

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $25.61 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49. The firm has a 50-day moving average of $26.29 and a 200-day moving average of $24.52. D-Wave Quantum has a one year low of $4.45 and a one year high of $46.75. The company has a market cap of $8.97 billion, a P/E ratio of -18.97 and a beta of 1.57.

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

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.28, for a total transaction of $242,800.00. Following the completion of the transaction, the director owned 37,778 shares in the company, valued at $917,249.84. This trade represents a 20.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kirstjen Nielsen sold 7,000 shares of D-Wave Quantum stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $22.62, for a total transaction of $158,340.00. Following the completion of the transaction, the director owned 112,673 shares of the company’s stock, valued at $2,548,663.26. The trade was a 5.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,346,916 shares of company stock worth $65,591,314 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. boosted its position in shares of D-Wave Quantum by 12.0% in the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after acquiring an additional 1,300 shares during the period. Royal Bank of Canada lifted its stake in D-Wave Quantum by 59.8% in the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after purchasing an additional 60,668 shares in the last quarter. AQR Capital Management LLC boosted its holdings in D-Wave Quantum by 201.0% in the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after purchasing an additional 134,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of D-Wave Quantum by 93.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after purchasing an additional 52,437 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of D-Wave Quantum by 125.7% in the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock worth $333,000 after purchasing an additional 24,382 shares during the period. 42.47% of the stock is currently owned by institutional investors.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave completed its acquisition of Quantum Circuits, expanding its product and engineering footprint and accelerating commercialization of gate-model capabilities alongside its annealing systems. Article Title
• Positive Sentiment: Company momentum: 2025 marked a clear revenue inflection — triple-digit year-over-year revenue growth and Advantage2 system sales are shifting D‑Wave from research toward commercial revenue streams, supporting a longer-term growth story. Article Title
• Positive Sentiment: Analyst support: Needham (maintained buy, $48 PT) and Benchmark (buy, $35 PT) reaffirmed bullish views — signals of institutional confidence that provide upside targets well above current levels. Needham Coverage Benchmark Coverage
• Neutral Sentiment: Investors can review management commentary and detail in recent earnings call transcripts (Q2 and Q3 2025) for updates on pipeline, product cadence and commercial bookings; these are information-heavy but not immediate price-moving headlines on their own. Q2 2025 Transcript Q3 2025 Transcript
• Neutral Sentiment: Analyst and sector comparisons (e.g., Zacks piece comparing Rigetti and D‑Wave) frame D‑Wave as a near-term commercial play vs. gate‑focused peers — useful context for longer-term positioning but mixed for short-term trading. Article Title
• Negative Sentiment: New US$330M shelf filing has raised near-term dilution and funding questions; investors appear to be pricing potential share issuance against the positive acquisition and revenue news, contributing to selling pressure. Article Title

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.