D-Wave Quantum (NYSE:QBTS) Research Coverage Started at Wedbush

Wedbush began coverage on shares of D-Wave Quantum (NYSE:QBTS) in a research report sent to investors on Wednesday morning, Marketbeat reports. The firm issued an outperform rating and a $35.00 target price on the stock.

QBTS has been the topic of several other reports. Benchmark lifted their price objective on D-Wave Quantum from $20.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, November 10th. B. Riley raised their target price on D-Wave Quantum from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Roth Capital set a $40.00 price target on D-Wave Quantum in a research report on Thursday, November 6th. Wall Street Zen raised D-Wave Quantum from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Williams Trading set a $35.00 target price on shares of D-Wave Quantum in a research note on Monday, November 10th. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $26.78 on Wednesday. The stock has a market capitalization of $9.38 billion, a P/E ratio of -19.84 and a beta of 1.57. The company’s fifty day moving average price is $28.64 and its 200 day moving average price is $22.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. D-Wave Quantum has a 1 year low of $3.74 and a 1 year high of $46.75.

D-Wave Quantum (NYSE:QBTS) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $3.74 million for the quarter, compared to the consensus estimate of $3.03 million. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The firm’s revenue was up 105.6% on a year-over-year basis. As a group, equities research analysts anticipate that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Alan E. Baratz sold 168,102 shares of D-Wave Quantum stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $23.17, for a total transaction of $3,894,923.34. Following the transaction, the chief executive officer owned 2,633,163 shares in the company, valued at $61,010,386.71. The trade was a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John M. Markovich sold 11,562 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $23.89, for a total transaction of $276,216.18. Following the transaction, the chief financial officer directly owned 1,471,312 shares in the company, valued at approximately $35,149,643.68. The trade was a 0.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,448,375 shares of company stock worth $39,155,482. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum during the 3rd quarter worth approximately $30,000. Financial Consulate Inc. purchased a new position in shares of D-Wave Quantum during the third quarter worth $31,000. Kelleher Financial Advisors acquired a new stake in shares of D-Wave Quantum in the third quarter valued at $40,000. Larson Financial Group LLC grew its stake in shares of D-Wave Quantum by 1,754.0% in the third quarter. Larson Financial Group LLC now owns 1,854 shares of the company’s stock valued at $46,000 after buying an additional 1,754 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of D-Wave Quantum by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock valued at $46,000 after buying an additional 482 shares during the period. 42.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: High-profile investor interest — reports say billionaire Ken Griffin bought D‑Wave, and a Fool piece highlights Wall Street bullishness that projects large upside (while noting valuation risk). This amplifies retail and institutional attention. Read More.
• Positive Sentiment: Jefferies initiated coverage with a Buy rating (coverage cited across outlets), supplying fresh institutional endorsement that supports upward momentum. Read More.
• Positive Sentiment: Wedbush initiated coverage with an Outperform and a $35 price target (~30% above current levels), giving the stock a clear analyst-driven upside narrative. Read More.
• Neutral Sentiment: Options and flow are mixed — some pick-up in activity but with no clear directional consensus, suggesting short-term volatility rather than a sustained trend. Read More.
• Neutral Sentiment: Sector commentary questions whether quantum names are due for a rebound; this frames D‑Wave within a broader thematic trade rather than company-specific fundamentals. Read More.
• Negative Sentiment: Insider selling was reported and immediately pressured the stock in intraday trade, a clear near-term negative catalyst that can sap investor confidence. Read More.
• Negative Sentiment: Valuation concerns after D‑Wave’s large 2025 gain (reported ~274% YTD) are being raised in market commentary — analysts and commentary pieces are warning the rally may not be fully justified, increasing the chance of corrections. Read More.

D-Wave Quantum Company Profile

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.