B. Riley Financial Issues Pessimistic Forecast for D-Wave Quantum (NASDAQ:QBTS) Stock Price

D-Wave Quantum (NASDAQ:QBTS) had its target price cut by stock analysts at B. Riley Financial from $27.00 to $22.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial‘s price objective points to a potential upside of 98.52% from the stock’s previous close.

Several other research firms also recently commented on QBTS. Roth Capital reaffirmed a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a report on Thursday, August 6th. Jefferies Financial Group set a $40.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. BMO Capital Markets began coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They set an “outperform” rating and a $35.00 target price on the stock. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Finally, Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a report on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average target price of $35.07.

D-Wave Quantum Stock Performance

NASDAQ:QBTS traded up $0.40 on Monday, reaching $11.08. 2,959,093 shares of the company’s stock were exchanged, compared to its average volume of 25,366,051. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of -15.51 and a beta of 2.35. D-Wave Quantum has a 52 week low of $8.48 and a 52 week high of $32.39. The stock has a fifty day simple moving average of $14.58 and a 200-day simple moving average of $18.91.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The business had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. During the same period last year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was down 0.6 on a year-over-year basis. As a group, sell-side analysts predict that D-Wave Quantum will post -0.50 earnings per share for the current year.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. BlackRock Inc. purchased a new position in D-Wave Quantum during the second quarter valued at approximately $795,206,000. Bank of America Corp DE bought a new stake in D-Wave Quantum during the 2nd quarter worth approximately $104,183,000. Van ECK Associates Corp increased its holdings in D-Wave Quantum by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock worth $56,132,000 after acquiring an additional 806,835 shares during the period. Bank of New York Mellon Corp purchased a new stake in D-Wave Quantum in the 2nd quarter worth approximately $54,951,000. Finally, Wellington Management Group LLP lifted its stake in D-Wave Quantum by 372.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock worth $43,663,000 after purchasing an additional 1,434,657 shares in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: QBTS rose 18% Friday after rival IonQ raised its 2026 revenue guidance following strong results. The move suggests optimism may be spreading across quantum-computing stocks, though it was not prompted by D-Wave news. Article: D-Wave Rallied 18% on IonQ’s Guidance
• Neutral Sentiment: D-Wave is scheduled to report third-quarter results before Tuesday’s market open. The report is a key test for the rally: investors will look for revenue progress and information on cash burn. Coverage also points to a history of revenue misses, making execution important. Article: D-Wave and Rigetti’s Q3 Reports Must Answer the Cash Burn Question
• Negative Sentiment: A securities class action has been filed covering investors who bought D-Wave shares from February 26 through August 25, 2026. The lawsuit alleges material misstatements or omissions about the company’s financial and operational prospects; the allegations have not been proven. The litigation adds uncertainty and reputational risk. Article: QBTS Investors Have Opportunity to Lead D-Wave Securities Fraud Lawsuit

D-Wave Quantum Company Profile

D-Wave Quantum develops quantum computing systems, software and services for commercial, government and research users. The company focuses on quantum annealing, an approach designed to help solve complex optimization and sampling problems, and offers hybrid tools that combine quantum processing with classical computing.

Its offerings include Advantage quantum computers, the Leap quantum cloud service, and software for building and running applications. D-Wave’s technology is used to explore challenges such as scheduling, resource allocation and supply-chain optimization.

Founded in 1999, D-Wave has long focused on bringing quantum computing into practical use.