Rosenblatt Securities Reiterates Buy Rating for D-Wave Quantum (NYSE:QBTS)

D-Wave Quantum (NYSE:QBTS)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a report issued on Wednesday,Benzinga reports. They currently have a $40.00 price target on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 36.67% from the stock’s current price.

QBTS has been the topic of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. Williams Trading set a $35.00 price objective on shares of D-Wave Quantum in a research report on Monday, November 10th. Roth Capital set a $40.00 target price on shares of D-Wave Quantum in a research note on Thursday, November 6th. Wall Street Zen lowered D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Finally, Wedbush began coverage on D-Wave Quantum in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.67.

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $29.27 on Wednesday. The firm’s 50 day moving average price is $26.52 and its 200-day moving average price is $23.42. D-Wave Quantum has a one year low of $3.74 and a one year high of $46.75. The firm has a market cap of $10.25 billion, a P/E ratio of -21.68 and a beta of 1.57. 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 (NYSE:QBTS) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $3.74 million for the quarter, compared to analyst estimates 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%. D-Wave Quantum’s revenue for the quarter was up 105.6% compared to the same quarter last year. As a group, equities research analysts predict that D-Wave Quantum will post -0.41 EPS for the current year.

Insider Transactions at D-Wave Quantum

In related news, Director Rohit Ghai sold 10,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.28, for a total transaction of $242,800.00. Following the completion of the sale, the director owned 37,778 shares in the company, valued at $917,249.84. This represents a 20.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction on 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 represents a 22.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,342,087 shares of company stock worth $66,073,024 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in 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. Blue Bell Private Wealth Management LLC boosted its holdings in shares of D-Wave Quantum by 5.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock valued at $245,000 after acquiring an additional 500 shares in the last quarter. Huntington National Bank increased its stake in shares of D-Wave Quantum by 17.9% during the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after acquiring an additional 500 shares during the period. bLong Financial LLC raised its holdings in D-Wave Quantum by 2.3% during the second quarter. bLong Financial LLC now owns 24,643 shares of the company’s stock worth $361,000 after purchasing an additional 551 shares in the last quarter. Finally, Noble Wealth Management PBC lifted its position in D-Wave Quantum by 6.7% in the fourth quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock valued at $251,000 after purchasing an additional 600 shares during the period. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Agreement to acquire Quantum Circuits for $550 million, expanding D‑Wave’s product roadmap and accelerating plans to bring new quantum computers to market in 2026. This helps explain recent investor interest. D-Wave to Acquire Quantum Circuits for $550 Million
• Positive Sentiment: Technology and partnerships: Advantage2 sales, reported quantum‑supremacy progress, cryogenic packaging advances and multiple commercial partnerships bolster the growth narrative and support expectations for real deployments. D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026
• Positive Sentiment: Broker support: Wedbush initiated/maintained bullish coverage (Outperform, $35 target) and Rosenblatt reaffirmed a buy with a $40 target — analyst coverage provides near‑term upside narratives that can offset negative sentiment. D-Wave Quantum’s buy of Quantum Circuits gives it ‘formidable ally,’ Wedbush says
• Neutral Sentiment: 2025 performance: QBTS rallied more than 200% in 2025, outperforming many large tech names — positive momentum but raises questions about sustainability. QBTS’ 200% Quantum Rally Leaves NVDA, AMD Behind: Can It Lead in 2026?
• Negative Sentiment: Valuation and fundamentals: Analysts and coverage pieces warn QBTS looks richly valued (very high P/S and P/B ratios), remains unprofitable with tiny current revenue, and therefore susceptible to sharp corrections if growth disappoints. Assessing D-Wave Quantum’s (QBTS) Valuation After Strong Long Term Share Price Gains
• Negative Sentiment: Longer‑term adoption uncertainty: Commentary cautions that quantum computing may take a decade-plus to become broadly useful, implying the market could reprice speculative winners if adoption timelines slip. Prediction: 3 Popular Stocks Will Crash in 2026 When This Stock Market Bubble Bursts (Hint: Not Artificial Intelligence)
• Negative Sentiment: Profit‑taking / share sell‑off pressure: After a huge rally and the acquisition announcement, some investors have been selling into strength; high short interest also increases volatility and downside risk on negative news. D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026

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.