D-Wave Quantum (NYSE:QBTS) Stock Price Up 7.6% – Time to Buy?

Shares of D-Wave Quantum Inc. (NYSE:QBTS) traded up 7.6% on Friday . The stock traded as high as $27.06 and last traded at $26.78. 31,678,929 shares traded hands during trading, a decline of 48% from the average session volume of 60,586,898 shares. The stock had previously closed at $24.89.

Key Headlines Impacting 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price target on D-Wave Quantum from $20.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. Benchmark boosted their target price on shares of D-Wave Quantum from $20.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Evercore ISI began coverage on shares of D-Wave Quantum in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Cantor Fitzgerald lifted their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Fifteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average target price of $32.13.

D-Wave Quantum Trading Up 7.6%

The company’s fifty day moving average is $28.77 and its two-hundred day moving average is $22.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The company has a market cap of $9.38 billion, a price-to-earnings ratio of -19.84 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $3.74 million during the quarter, compared to analysts’ expectations 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. On average, research analysts anticipate that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Insider Buying and Selling at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $24.28, for a total transaction of $242,800.00. Following the completion of the transaction, the director owned 37,778 shares in the company, valued at approximately $917,249.84. This trade represents a 20.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 27,803 shares of the company’s stock, valued at approximately $760,690.08. This trade represents a 22.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,448,375 shares of company stock valued at $39,155,482. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QBTS. IFP Advisors Inc grew its stake in D-Wave Quantum by 123.8% during the 2nd quarter. IFP Advisors Inc now owns 14,814 shares of the company’s stock valued at $217,000 after acquiring an additional 8,194 shares in the last quarter. World Investment Advisors acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth approximately $190,000. Farther Finance Advisors LLC grew its position in shares of D-Wave Quantum by 491.3% in the second quarter. Farther Finance Advisors LLC now owns 16,321 shares of the company’s stock valued at $239,000 after purchasing an additional 13,561 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of D-Wave Quantum in the second quarter valued at approximately $14,349,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of D-Wave Quantum in the second quarter valued at approximately $217,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

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.