D-Wave Quantum’s (QBTS) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of D-Wave Quantum (NASDAQ:QBTS) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $43.00 target price on the stock.

A number of other equities analysts have also weighed in on QBTS. Northland Securities initiated coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target on the stock. Roth Capital restated a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a report on Thursday. B. Riley Financial lifted their target price on D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a research report on Thursday. Finally, Wedbush began coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.36.

D-Wave Quantum Trading Up 7.0%

Shares of QBTS stock opened at $20.76 on Friday. The firm has a market cap of $7.68 billion, a P/E ratio of -29.24 and a beta of 2.15. D-Wave Quantum has a 1-year low of $12.75 and a 1-year high of $46.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The firm’s 50-day simple moving average is $21.74 and its 200-day simple moving average is $20.59.

D-Wave Quantum (NASDAQ:QBTS) last released its 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 return on equity of 28.19% and a negative net margin of 2,001.59%.The company had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same period in the prior year, the business posted ($0.08) earnings per share. D-Wave Quantum’s revenue was down 0.6 on a year-over-year basis. As a group, equities analysts forecast that D-Wave Quantum will post -0.42 EPS for the current year.

Insider Buying and Selling

In related news, CFO John M. Markovich sold 200,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.71, for a total value of $5,142,000.00. Following the completion of the sale, the chief financial officer directly owned 1,142,820 shares in the company, valued at approximately $29,381,902.20. This represents a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Sophie C. Ames sold 3,070 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total value of $52,036.50. Following the completion of the transaction, the vice president directly owned 589,009 shares in the company, valued at $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,363,842 shares of company stock valued at $35,789,148. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D-Wave Quantum

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of D-Wave Quantum during the 2nd quarter valued at about $795,206,000. UBS Group AG grew its position in D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after acquiring an additional 10,205,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in D-Wave Quantum by 136,842.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock valued at $83,546,000 after acquiring an additional 3,192,533 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of D-Wave Quantum by 311.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after purchasing an additional 2,685,980 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of D-Wave Quantum during the second quarter valued at approximately $54,951,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Bookings and customer adoption improved substantially. D-Wave reported a roughly 1,120% year-over-year increase in first-half bookings, a $40.7 million backlog and growing exposure to commercial customers. Management said production annealing usage is expanding, supporting the company’s long-term growth narrative. D-Wave CEO says QBTS ready to lead the quantum market after a 1,100% surge in first-half bookings
• Positive Sentiment: Analyst confidence is providing support. Rosenblatt Securities reaffirmed its “Buy” rating and set a $43 price target, implying substantial upside from current levels. Broader coverage also identifies quantum computing as a potential beneficiary of increasing AI investment and government support for next-generation computing. Beyond NVIDIA and GPUs: The Next AI and Quantum Winners Leading 2026
• Neutral Sentiment: The investment case remains dependent on execution. D-Wave is developing a staged path toward commercially relevant gate-model quantum computing, while management expects a disproportionate share of 2026 revenue to arrive in the fourth quarter. That outlook could produce significant upside if adoption accelerates, but also leaves results sensitive to timing and customer deployments. QBTS Q2 Earnings Call Focuses on Adoption and Quantum Roadmaps
• Negative Sentiment: Second-quarter results missed expectations. Revenue was $3.08 million versus approximately $4.03 million expected, while the loss was $0.10 per share compared with an anticipated $0.08 loss. Revenue also declined slightly year over year, and the company continues to report substantial net losses. These results initially pressured the shares despite the bookings growth. QBTS Stock Falls on Wider-Than-Expected Q2 Loss and Revenue Miss

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.