D-Wave Quantum (NASDAQ:QBTS) Shares Up 7.4% – Should You Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price traded up 7.4% during trading on Monday. The stock traded as high as $11.79 and last traded at $11.47. 19,627,557 shares traded hands during trading, a decline of 23% from the average session volume of 25,453,926 shares. The stock had previously closed at $10.68.

Key D-Wave Quantum News

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

• Positive Sentiment: Strong results and raised 2026 revenue guidance from quantum peer IonQ helped lift sentiment across the sector, giving QBTS a potential tailwind. D-Wave’s own report is due Tuesday and will need to show progress to sustain investor enthusiasm. D-Wave and Rigetti Face High Stakes After Quantum Peers Raise the Earnings Bar
• Neutral Sentiment: B. Riley cut its price target to $22 from $27 but kept a Buy rating, indicating reduced expectations while maintaining a favorable view of potential upside. B. Riley rating information
• Negative Sentiment: Investors face a high bar for the upcoming earnings report: recent coverage highlights valuation concerns, cash-burn questions and a history of revenue misses. The results and outlook could determine whether the sector rally is supported by D-Wave’s own performance. D-Wave and Rigetti Are Down Big This Year
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought shares from February 26 through August 25, 2026. The suit alleges D-Wave failed to disclose material adverse information, including concerns about growth momentum, a revenue miss and the CFO’s departure; these are allegations, not proven findings. The lead-plaintiff deadline is December 15, 2026. QBTS Shareholder Alert

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on QBTS shares. B. Riley Financial decreased their target price on shares of D-Wave Quantum from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Monday. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a research report on Friday, August 7th. Wedbush began coverage on D-Wave Quantum in a report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 price objective on the stock. Benchmark began coverage on D-Wave Quantum in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Zacks Research downgraded D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.07.

D-Wave Quantum Stock Performance

The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $14.58 and its two-hundred day moving average is $18.91. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -16.15 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings data 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 return on equity of 26.67% and a negative net margin of 2,001.59%. The firm had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. The company’s quarterly revenue was down 0.6 on a year-over-year basis. As a group, sell-side analysts expect that D-Wave Quantum Inc. will post -0.50 earnings per share for the current year.

Hedge Funds Weigh In On D-Wave Quantum

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

About D-Wave Quantum

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.