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

Benchmark restated their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $35.00 target price on the stock.

A number of other research firms also recently weighed in on QBTS. Williams Trading set a $35.00 price target on D-Wave Quantum in a research report on Monday, November 10th. Cantor Fitzgerald boosted their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Zacks Research upgraded shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $48.00 price target on shares of D-Wave Quantum in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.86.

D-Wave Quantum Price Performance

QBTS stock opened at $25.61 on Friday. The stock has a 50-day moving average price of $26.29 and a two-hundred day moving average price of $24.40. 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 $8.97 billion, a PE ratio of -18.97 and a beta of 1.57. 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 (NYSE:QBTS) last posted its quarterly earnings data 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. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The company 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. Equities analysts forecast that D-Wave Quantum will post -0.41 EPS for the current fiscal year.

Insider Activity

In other D-Wave Quantum news, CEO Alan E. Baratz sold 806,288 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was 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. The trade was a 22.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 37,778 shares in the company, valued at $917,249.84. This represents a 20.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,346,916 shares of company stock valued at $65,591,314 in the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of large investors have recently added to or reduced their stakes in QBTS. Baird Financial Group Inc. boosted its position in D-Wave Quantum by 12.0% during the first quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after purchasing an additional 1,300 shares during the period. Royal Bank of Canada boosted its holdings in shares of D-Wave Quantum by 59.8% during the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after buying an additional 60,668 shares during the period. AQR Capital Management LLC grew its stake 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 buying an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in D-Wave Quantum by 93.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after buying an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in D-Wave Quantum by 125.7% in the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after acquiring an additional 24,382 shares during the period. 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 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.