D-Wave Quantum Inc. (NYSE:QBTS) Given Average Rating of “Moderate Buy” by Analysts

Shares of D-Wave Quantum Inc. (NYSE:QBTS) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $37.8571.

A number of equities analysts have recently commented on QBTS shares. Wedbush started coverage on shares of D-Wave Quantum in a report on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $35.00 target price on shares of D-Wave Quantum in a research note on Friday. Canaccord Genuity Group raised their price target on D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a research report on Monday, December 29th. Finally, Evercore ISI started coverage on D-Wave Quantum in a report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price objective on the stock.

D-Wave Quantum Stock Performance

Shares of QBTS opened at $25.61 on Monday. The company has a market cap of $8.97 billion, a PE ratio of -18.97 and a beta of 1.57. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $26.29 and a 200-day moving average price of $24.52. D-Wave Quantum has a 12-month low of $4.45 and a 12-month 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 for the quarter, topping the consensus estimate of ($0.07) by $0.02. D-Wave Quantum had a negative net margin of 1,651.81% and a negative return on equity of 97.58%. The company had revenue of $3.74 million for the quarter, compared to analysts’ expectations of $3.03 million. D-Wave Quantum’s revenue for the quarter was up 105.6% on a year-over-year basis. As a group, equities analysts forecast that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave completed its acquisition of Quantum Circuits, expanding its product and engineering footprint and accelerating commercialization of gate-model capabilities alongside its annealing systems. Article Title
• Positive Sentiment: Company momentum: 2025 marked a clear revenue inflection — triple-digit year-over-year revenue growth and Advantage2 system sales are shifting D‑Wave from research toward commercial revenue streams, supporting a longer-term growth story. Article Title
• Positive Sentiment: Analyst support: Needham (maintained buy, $48 PT) and Benchmark (buy, $35 PT) reaffirmed bullish views — signals of institutional confidence that provide upside targets well above current levels. Needham Coverage Benchmark Coverage
• Neutral Sentiment: Investors can review management commentary and detail in recent earnings call transcripts (Q2 and Q3 2025) for updates on pipeline, product cadence and commercial bookings; these are information-heavy but not immediate price-moving headlines on their own. Q2 2025 Transcript Q3 2025 Transcript
• Neutral Sentiment: Analyst and sector comparisons (e.g., Zacks piece comparing Rigetti and D‑Wave) frame D‑Wave as a near-term commercial play vs. gate‑focused peers — useful context for longer-term positioning but mixed for short-term trading. Article Title
• Negative Sentiment: New US$330M shelf filing has raised near-term dilution and funding questions; investors appear to be pricing potential share issuance against the positive acquisition and revenue news, contributing to selling pressure. Article Title

Insider Transactions at D-Wave Quantum

In other news, Director John D. Dilullo sold 8,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.36, for a total value of $218,880.00. Following the completion of the sale, the director owned 27,803 shares of the company’s stock, valued at approximately $760,690.08. This represents a 22.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan E. Baratz sold 35,013 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.06, for a total transaction of $982,464.78. Following the transaction, the chief executive officer directly owned 2,598,150 shares in the company, valued at approximately $72,904,089. This represents a 1.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,346,916 shares of company stock worth $65,591,314. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after buying an additional 11,218,255 shares during the last quarter. UBS Group AG lifted its stake 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 worth $298,737,000 after acquiring an additional 10,205,427 shares during the period. State Street Corp boosted its holdings in D-Wave Quantum by 41.3% in the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after acquiring an additional 1,941,762 shares in the last quarter. Geode Capital Management LLC increased its position in D-Wave Quantum by 41.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock valued at $93,877,000 after purchasing an additional 1,883,109 shares during the period. Finally, Marex Group plc bought a new position in D-Wave Quantum in the 2nd quarter worth $80,070,000. Institutional investors own 42.47% of the company’s stock.

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.