D-Wave Quantum (NYSE:QBTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of D-Wave Quantum (NYSE:QBTS) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other equities analysts also recently commented on QBTS. Wedbush started coverage on D-Wave Quantum in a research report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price objective on the stock. Jefferies Financial Group started coverage on D-Wave Quantum in a research note on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price for the company. B. Riley lifted their price target on D-Wave Quantum from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Benchmark upped their price objective on shares of D-Wave Quantum from $20.00 to $35.00 and gave the company a “buy” rating in a report on Monday, November 10th. Finally, Cantor Fitzgerald lifted their target price 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. Fourteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus price target of $33.67.

D-Wave Quantum Stock Performance

NYSE:QBTS opened at $28.81 on Friday. The company has a market cap of $10.09 billion, a P/E ratio of -21.34 and a beta of 1.57. D-Wave Quantum has a twelve month low of $3.74 and a twelve month high of $46.75. The company’s 50-day moving average price is $26.25 and its 200-day moving average price is $23.75. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $3.74 million during 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 company’s revenue was up 105.6% on a year-over-year basis. On average, sell-side analysts forecast that D-Wave Quantum will post -0.41 earnings per share for the current fiscal year.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $760,690.08. This trade represents a 22.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the business’s stock in a transaction that occurred 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 directly owned 37,778 shares in the company, valued at $917,249.84. This trade represents a 20.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,302,724 shares of company stock worth $64,351,287. 3.20% of the stock is owned by corporate insiders.

Institutional Trading of D-Wave Quantum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its holdings in D-Wave Quantum by 125.7% during the second quarter. Osaic Holdings Inc. now owns 247,004 shares of the company’s stock worth $3,616,000 after purchasing an additional 137,549 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of D-Wave Quantum by 123.8% in the 2nd quarter. IFP Advisors Inc now owns 14,814 shares of the company’s stock valued at $217,000 after buying an additional 8,194 shares in the last quarter. UNICOM Systems Inc. grew its position in shares of D-Wave Quantum by 12.1% in the 3rd quarter. UNICOM Systems Inc. now owns 3,121,346 shares of the company’s stock valued at $77,128,000 after buying an additional 337,838 shares during the last quarter. World Investment Advisors purchased a new position in shares of D-Wave Quantum in the 2nd quarter valued at $190,000. Finally, Farther Finance Advisors LLC raised its stake in D-Wave Quantum by 491.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 16,321 shares of the company’s stock worth $239,000 after acquiring an additional 13,561 shares in the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave announced a planned $550M acquisition of Quantum Circuits, giving it gate-model technology (dual-rail qubits with built-in error detection) and a path to launch gate-model systems in 2026 — a material tech upgrade that broadens use cases beyond annealing. Inside D-Wave’s Major Acquisition—What Changes for Investors
• Positive Sentiment: Coverage noting government business wins and favorable analyst commentary helped lift sentiment and was cited as a reason for a recent monthly surge in QBTS shares. Why D-Wave Quantum Stock Surged 15.4% Last Month and Is Rocketing Higher in 2026
• Positive Sentiment: Sector-level catalyst: the National Quantum Initiative Reauthorization Act is shifting government funding toward deployment, which should benefit commercial quantum vendors like D-Wave over the coming year. Fiscal Reauthorization Act Fuels 2026 Quantum Growth
• Neutral Sentiment: Analysts and commentators are debating valuation and timeline: Forbes and others question whether the market cap (~$10B) fairly reflects long-term commercialization risks versus D-Wave’s focused annealing strategy. QBTS Stock Analysis: Is D-Wave Quantum Worth $10 Billion?
• Neutral Sentiment: MarketBeat and others note the Quantum Circuits deal is transformational technologically but won’t immediately boost revenue; D-Wave still has very low current revenue and sizable losses, so execution and cash management matter. Inside D-Wave’s Major Acquisition—What Changes for Investors
• Negative Sentiment: Some outlets flagged short-term selling pressure and skepticism (articles asking “time to sell?”), reflecting that optimism can be volatile and the stock remains speculative until commercial revenues scale. D-Wave Quantum (NYSE:QBTS) Trading Down 3.9% – Time to Sell?

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.