D-Wave Quantum (NYSE:QBTS) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research note released on Thursday,Benzinga reports. They currently have a $48.00 target price on the stock.

A number of other equities analysts also recently commented on QBTS. Williams Trading set a $35.00 target price on shares of D-Wave Quantum in a report on Monday, November 10th. Canaccord Genuity Group boosted their price objective on shares of D-Wave Quantum from $20.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Evercore ISI assumed coverage on shares of D-Wave Quantum in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $44.00 target price for the company. Cantor Fitzgerald lifted their price target 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. Finally, Wall Street Zen upgraded D-Wave Quantum from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Thirteen 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.21.

D-Wave Quantum Trading Down 6.8%

Shares of NYSE QBTS opened at $23.26 on Thursday. D-Wave Quantum has a twelve month low of $4.45 and a twelve month high of $46.75. The firm has a market cap of $8.15 billion, a PE ratio of -17.23 and a beta of 1.57. The business has a fifty day simple moving average of $26.43 and a two-hundred day simple moving average of $24.63. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly 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. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The firm had revenue of $3.74 million for the quarter, compared to analyst estimates of $3.03 million. The business’s quarterly revenue was up 105.6% on a year-over-year basis. Analysts expect that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 transaction of $242,800.00. Following the completion of the transaction, the director owned 37,778 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Also, CEO Alan E. Baratz sold 806,288 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $28.87, for a total transaction of $23,277,534.56. Following the transaction, the chief executive officer owned 2,801,265 shares of the company’s stock, valued at $80,872,520.55. This represents a 22.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,346,916 shares of company stock worth $65,591,314. 3.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in D-Wave Quantum by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after buying an additional 482 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of D-Wave Quantum by 5.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock worth $245,000 after acquiring an additional 500 shares during the period. Huntington National Bank boosted its position in shares of D-Wave Quantum by 17.9% during the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock valued at $82,000 after acquiring an additional 500 shares during the last quarter. bLong Financial LLC grew its holdings in shares of D-Wave Quantum by 2.3% in the second quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock valued at $361,000 after purchasing an additional 551 shares during the period. Finally, Noble Wealth Management PBC increased its position in D-Wave Quantum by 6.7% during the fourth quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock worth $251,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum News Summary

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 at CP Group’s Boca Raton Innovation Campus — a large, tangible vote of confidence that supports growth, talent attraction and commercial scale-up. CP Group Secures Global Headquarters Relocation of D‑Wave
• Positive Sentiment: D-Wave announced a major enterprise QCaaS (quantum computing-as-a-service) agreement — a revenue-driving commercial win that validates product-market fit for its services business. D‑Wave Quantum Secures Major Enterprise QCaaS Agreement
• Positive Sentiment: Analysts are reiterating bullish views: Needham reaffirmed a Buy with a $48 price target, Rosenblatt kept a $43 target, and Roth MKM reaffirmed Buy — these upgrades/support raise the headline upside and can attract momentum investors. Benzinga analyst coverage summary (Needham/Rosenblatt) Roth MKM Reaffirms Buy
• Neutral Sentiment: D-Wave’s Qubits 2026 conference drew industry participation (including third-party firms like SuperQ), highlighting ecosystem momentum but not a specific revenue or product announcement from D‑Wave itself. SuperQ engagement at Qubits 2026
• Neutral Sentiment: Financial press and analyst roundups are running bullish narratives (Yahoo, MSN, Globe) that may support interest but largely repeat the same developments rather than add new catalysts. Yahoo coverage MSN/Wedbush coverage
• Negative Sentiment: Despite positive headlines, the company remains unprofitable with negative EPS and very large negative net margins — a continuing fundamental risk that can cap valuation multiple expansion for growth investors.
• Negative Sentiment: Technical and market flow factors: QBTS is trading below its 50‑day moving average, has a high beta (1.57) indicating volatility, and today’s trade was on high volume — suggesting profit-taking or rotation by short‑term traders even as strategic news lands.

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.