D-Wave Quantum Inc. (NYSE:QBTS) Receives $36.80 Average Target Price from Brokerages

Shares of D-Wave Quantum Inc. (NYSE:QBTS) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $36.80.

QBTS has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Northland Securities began coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price on the stock. Roth Capital lifted their target price on shares of D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Mizuho boosted their price target on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, June 15th.

D-Wave Quantum Trading Up 0.1%

D-Wave Quantum stock opened at $16.23 on Monday. The stock has a market cap of $6.01 billion, a PE ratio of -14.37 and a beta of 2.11. The stock has a 50-day moving average price of $23.00 and a 200 day moving average price of $21.24. D-Wave Quantum has a 52 week low of $12.75 and a 52 week high of $46.75. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The firm had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. During the same quarter in the previous year, the company posted ($0.02) EPS. The firm’s revenue for the quarter was down 80.9% on a year-over-year basis. Equities research analysts predict that D-Wave Quantum will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In related news, Director John D. Dilullo sold 7,850 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the transaction, the director directly owned 21,310 shares in the company, valued at approximately $520,603.30. This represents a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the completion of the sale, the director directly owned 23,617 shares in the company, valued at approximately $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,360,772 shares of company stock valued at $35,737,111. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. Root Financial Partners LLC boosted its position in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after acquiring an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in D-Wave Quantum during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in D-Wave Quantum during the fourth quarter worth approximately $31,000. Finally, Ancora Advisors LLC purchased a new position in D-Wave Quantum during the third quarter worth approximately $30,000. 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: D-Wave will ring the Nasdaq Opening Bell on July 27, marking its listing debut on the exchange and giving the company a visibility boost that could help sentiment around the name. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
• Positive Sentiment: Recent analyst coverage has turned more constructive, with one bullish view suggesting QBTS could be materially undervalued after its sharp pullback and noting improved earnings expectations. D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View

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.