Mizuho Cuts D-Wave Quantum (NYSE:QBTS) Price Target to $40.00

D-Wave Quantum (NYSE:QBTS) had its price objective lowered by Mizuho from $46.00 to $40.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also commented on QBTS. Needham & Company LLC cut their price target on shares of D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday. Roth Mkm dropped their price objective on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Friday. Wedbush started coverage on D-Wave Quantum in a report on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 target price for the company. Jefferies Financial Group began coverage on D-Wave Quantum in a research report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price for the company. Finally, TD Cowen initiated coverage on D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.50.

D-Wave Quantum Price Performance

QBTS stock opened at $18.73 on Friday. The business has a 50 day moving average price of $24.24 and a 200 day moving average price of $24.99. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of -17.03 and a beta of 1.61. D-Wave Quantum has a fifty-two week low of $4.45 and a fifty-two week high of $46.75. 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, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 67.75%. The company had revenue of $2.75 million during the quarter, compared to analysts’ expectations of $3.74 million. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities research analysts anticipate that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Insider Activity at D-Wave Quantum

In other news, CEO Alan E. Baratz sold 793,712 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $30.13, for a total transaction of $23,914,542.56. Following the transaction, the chief executive officer directly owned 2,633,163 shares in the company, valued at $79,337,201.19. The trade was a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John M. Markovich sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the completion of the sale, the chief financial officer owned 1,471,312 shares of the company’s stock, valued at approximately $44,183,499.36. The trade was a 6.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,074,466 shares of company stock worth $31,558,806 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tempo Wealth LLC acquired a new stake in shares of D-Wave Quantum in the 4th quarter valued at approximately $774,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in D-Wave Quantum in the fourth quarter worth $311,000. Mcguire Capital Advisors Inc. acquired a new stake in D-Wave Quantum in the fourth quarter valued at $31,000. Invesco Ltd. lifted its holdings in D-Wave Quantum by 0.7% in the fourth quarter. Invesco Ltd. now owns 844,033 shares of the company’s stock valued at $22,071,000 after acquiring an additional 5,871 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of D-Wave Quantum by 26.3% during the 4th quarter. Corient Private Wealth LLC now owns 30,904 shares of the company’s stock worth $802,000 after purchasing an additional 6,426 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Material bookings and enterprise traction — Management reported Q4 bookings of $13.4M (big sequential jump) and said January bookings topped $30M; the company also disclosed large Advantage2 system sales and institutional contracts that underpin future revenue upside. MarketBeat: Despite a Double Miss
• Positive Sentiment: Strong cash runway following the Quantum Circuits acquisition — D-Wave finished the period with roughly $885M in cash & marketable securities even after the acquisition and cash outlays, which reduces near-term financing risk while the company invests in R&D and go-to-market. MarketBeat: Cash Position
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want details on bookings composition, margin outlook and integration plans; the call provides color but no immediate catalytic guidance. Earnings Call Transcript
• Neutral Sentiment: Analysts remain largely constructive but are resetting targets — several firms kept buy/outperform ratings while trimming targets, leaving consensus upside but lowering near-term sentiment. Benzinga: Analyst Coverage
• Negative Sentiment: Double miss on the quarter — reported EPS missed estimates (wider loss than expected) and revenue of $2.75M came in below consensus, highlighting that current monetization remains small and lumpy. Zacks: Q4 Earnings Miss
• Negative Sentiment: Post-earnings price-target cuts and investor rotation pressured the rally — several firms trimmed targets (examples: Needham, Mizuho, Roth) and media noted an initial pop that faded as analysts lowered targets and investors weighed long-term promise versus weak near-term results. The Motley Fool: Reaction

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.