D-Wave Quantum (NYSE:QBTS) Upgraded to “Strong-Buy” at Benchmark

Benchmark upgraded shares of D-Wave Quantum (NYSE:QBTS) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on QBTS. Zacks Research upgraded shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. 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 price target for the company. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. B. Riley Financial lifted their price objective on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.47.

D-Wave Quantum Stock Down 9.6%

Shares of QBTS opened at $17.64 on Monday. D-Wave Quantum has a 1 year low of $12.75 and a 1 year high of $46.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The stock has a 50 day simple moving average of $22.99 and a two-hundred day simple moving average of $21.07. The firm has a market cap of $6.53 billion, a P/E ratio of -15.61 and a beta of 2.11.

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

Insider Buying and Selling

In other D-Wave Quantum news, Director Rohit Ghai sold 13,518 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the sale, the director owned 23,617 shares of the company’s stock, valued at $623,724.97. This represents a 36.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 328,752 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total transaction of $9,106,430.40. Following the completion of the sale, the chief financial officer directly owned 1,442,820 shares in the company, valued at approximately $39,966,114. This trade represents a 18.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,363,842 shares of company stock valued at $35,789,148 over the last quarter. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of D-Wave Quantum during the fourth quarter valued at approximately $1,114,000. World Investment Advisors lifted its stake in D-Wave Quantum by 195.7% in the fourth quarter. World Investment Advisors now owns 41,691 shares of the company’s stock worth $1,090,000 after acquiring an additional 27,592 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in D-Wave Quantum by 319.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after acquiring an additional 75,198 shares during the period. Clear Street Group Inc. boosted its holdings in D-Wave Quantum by 40.4% in the fourth quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after acquiring an additional 1,232,106 shares in the last quarter. Finally, Cibc World Market Inc. increased its position in D-Wave Quantum by 295.0% during the 4th quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock valued at $1,432,000 after purchasing an additional 40,897 shares during the period. 42.47% of the stock is owned by institutional investors.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Expanded AT&T partnership provides important commercial validation. AT&T is expanding its use of D-Wave’s quantum-annealing technology across network operations. A highlighted workload reportedly fell from approximately 60 minutes to 15 seconds—a 240-fold acceleration—suggesting D-Wave’s systems are moving beyond research and into real enterprise applications. D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory
• Positive Sentiment: Analyst targets signal significant potential upside. Rosenblatt Securities reaffirmed its Buy rating and assigned a $43 price target. Benchmark also initiated coverage with a Buy rating and a $30 target, reflecting increased confidence that commercial partnerships could improve D-Wave’s long-term growth outlook. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Sector volatility is tempering the initial rally. Quantum-computing shares rose sharply after the D-Wave and AT&T announcements but later decreased as Nvidia-led concerns about AI infrastructure spending triggered a broader technology pullback. The move appears partly related to profit-taking and sector-wide risk reduction rather than a reversal in the AT&T opportunity. D-Wave Quantum Dips, Moderating Previous Day’s Rally
• Negative Sentiment: Weak financial performance remains a key risk. D-Wave’s latest reported quarter included revenue of $2.86 million, down 80.9% year over year and below analyst expectations, despite an adjusted loss per share that beat forecasts. The company remains unprofitable and is valued largely on anticipated future commercialization.
• Negative Sentiment: Insider selling is a modest negative signal. Vice President Sophie Ames sold 3,070 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced her holdings by only 0.52%, limiting its importance. SEC Insider Filing

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.