Analysts’ Weekly Ratings Changes for D-Wave Quantum (QBTS)

A number of firms have modified their ratings and price targets on shares of D-Wave Quantum (NYSE: QBTS) recently:

• 12/22/2025 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 12/20/2025 – D-Wave Quantum was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating.
• 12/17/2025 – D-Wave Quantum is now covered by analysts at Wedbush. They set an “outperform” rating and a $35.00 price target on the stock.
• 12/17/2025 – D-Wave Quantum is now covered by analysts at Wedbush. They set an “outperform” rating and a $35.00 price target on the stock.
• 12/16/2025 – D-Wave Quantum is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $45.00 price target on the stock.
• 12/16/2025 – D-Wave Quantum is now covered by analysts at Jefferies Financial Group Inc.. They set a “buy” rating and a $45.00 price target on the stock.
• 12/15/2025 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 12/11/2025 – D-Wave Quantum is now covered by analysts at Mizuho. They set an “outperform” rating and a $46.00 price target on the stock.
• 12/11/2025 – D-Wave Quantum is now covered by analysts at Mizuho. They set an “outperform” rating and a $46.00 price target on the stock.
• 12/8/2025 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 12/3/2025 – D-Wave Quantum is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $44.00 price target on the stock.
• 12/3/2025 – D-Wave Quantum is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $44.00 price target on the stock.
• 12/2/2025 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 11/26/2025 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 11/20/2025 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by analysts at Weiss Ratings.
• 11/10/2025 – D-Wave Quantum was given a new $35.00 price target on by analysts at Williams Trading.
• 11/10/2025 – D-Wave Quantum had its price target raised by analysts at Benchmark Co. from $20.00 to $35.00. They now have a “buy” rating on the stock.
• 11/8/2025 – D-Wave Quantum was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating.
• 11/7/2025 – D-Wave Quantum had its price target raised by analysts at Cantor Fitzgerald from $20.00 to $40.00. They now have an “overweight” rating on the stock.
• 11/7/2025 – D-Wave Quantum had its price target raised by analysts at Canaccord Genuity Group Inc. from $20.00 to $41.00. They now have a “buy” rating on the stock.
• 11/7/2025 – D-Wave Quantum had its price target raised by analysts at Rosenblatt Securities from $30.00 to $40.00. They now have a “buy” rating on the stock.
• 11/6/2025 – D-Wave Quantum was given a new $40.00 price target on by analysts at Roth Capital.
• 11/6/2025 – D-Wave Quantum was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating.

Insider Buying and Selling

In related news, CEO Alan E. Baratz sold 793,712 shares of the 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 completion of the sale, the chief executive officer owned 2,633,163 shares in the company, valued at $79,337,201.19. This trade represents a 23.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.36, for a total transaction of $218,880.00. Following the completion of the transaction, the director owned 27,803 shares in the company, valued at approximately $760,690.08. This trade represents a 22.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,342,087 shares of company stock worth $66,073,024 in the last three months. Company insiders own 3.20% of the company’s stock.

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.