D-Wave Quantum (NYSE:QBTS) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research report sent to investors on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $43.00 price target on the stock.

A number of other analysts also recently commented on the company. Canaccord Genuity Group upped their price objective on D-Wave Quantum from $20.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Evercore ISI began coverage on shares of D-Wave Quantum in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 target price on the stock. Zacks Research upgraded D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Jefferies Financial Group initiated coverage on shares of D-Wave Quantum in a research report on Tuesday, December 16th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Cantor Fitzgerald lifted their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Thirteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.07.

D-Wave Quantum Trading Up 1.0%

Shares of QBTS opened at $24.93 on Wednesday. D-Wave Quantum has a 1-year low of $4.45 and a 1-year high of $46.75. The stock has a market cap of $8.73 billion, a price-to-earnings ratio of -18.46 and a beta of 1.57. The firm has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $24.64. 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) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $3.74 million for the quarter, compared to analyst estimates 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 analysts forecast that D-Wave Quantum will post -0.41 EPS for the current fiscal year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum 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 transaction of $218,880.00. Following the completion of the transaction, the director directly owned 27,803 shares of the company’s stock, valued at approximately $760,690.08. This trade represents a 22.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan E. Baratz sold 35,013 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.06, for a total value of $982,464.78. Following the completion of the sale, the chief executive officer owned 2,598,150 shares of the company’s stock, valued at approximately $72,904,089. This trade represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,346,916 shares of company stock valued at $65,591,314 over the last three months. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently modified their holdings of QBTS. Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum in the third quarter worth approximately $30,000. Financial Consulate Inc. acquired a new position in D-Wave Quantum during the third quarter valued at $31,000. Valley National Advisers Inc. lifted its stake in D-Wave Quantum by 222.2% in the 4th quarter. Valley National Advisers Inc. now owns 1,595 shares of the company’s stock worth $41,000 after acquiring an additional 1,100 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in D-Wave Quantum during the 3rd quarter worth about $40,000. Finally, Larson Financial Group LLC grew its stake in D-Wave Quantum by 1,754.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock valued at $46,000 after acquiring an additional 1,754 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave signed a landmark lease to relocate its global headquarters and establish a major U.S. R&D facility in Boca Raton — a move that signals corporate commitment to U.S. commercialization and could help hiring, partnerships and customer access. Read More.
• Positive Sentiment: Commercial customer wins: Florida Atlantic University committed ~$20M to buy an Advantage2 system for its Boca Raton campus, and D‑Wave announced a separate ~$10M deal with a Fortune 100 company — concrete, multi‑million revenue bookings that support the company’s transition to recurring commercial sales. Read More. Read More.
• Positive Sentiment: Product and tech milestones: D‑Wave unveiled advancements in both annealing and gate‑model systems (new hybrid solver capabilities for ML/hybrid workloads) that bolster its differentiated dual‑platform strategy and can accelerate customer adoption. Read More.
• Positive Sentiment: Defense and strategic partnerships: D‑Wave announced a collaboration with Anduril and Davidson to develop quantum applications for U.S. air and missile defense — a validation in a high‑value, government market. Read More.
• Positive Sentiment: Analyst support: Rosenblatt reaffirmed a “buy” on QBTS and set a $43 price target, offering significant upside versus the current level and likely helping sentiment. Read More.
• Neutral Sentiment: Market context: Coverage and commentary (Zacks, Barron’s, Seeking Alpha, MSN) point to D‑Wave as one of the better positioned quantum names because of revenue traction, but analysts differ on timing and scale of commercialization. Read More.
• Neutral Sentiment: Pre‑market activity and headlines have driven intraday volatility; some moves reflect headlines rather than confirmed multi‑year revenue flow. Read More.
• Negative Sentiment: Financial risk remains: D‑Wave is still unprofitable with negative margins and negative ROE (recent reporting shows large operating losses and analysts expect negative EPS for the year), so execution and margin improvement are required to justify higher valuations; skeptical takes highlight downside risk. Read More.

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.