D-Wave Quantum (NASDAQ:QBTS) Stock Price Target Cut by Rosenblatt Securities

D-Wave Quantum (NASDAQ:QBTS) had its price objective dropped by equities research analysts at Rosenblatt Securities from $43.00 to $30.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Rosenblatt Securities‘s price target would indicate a potential upside of 186.26% from the stock’s previous close.

A number of other equities analysts have also weighed in on QBTS. Wedbush started coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price objective on the stock. Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. BMO Capital Markets started coverage on D-Wave Quantum in a report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price target on the stock. Mizuho set a $23.00 price target on shares of D-Wave Quantum in a research report on Tuesday. Finally, Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.00.

D-Wave Quantum Trading Down 8.6%

NASDAQ QBTS opened at $10.48 on Wednesday. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $14.34 and a two-hundred day simple moving average of $18.76. D-Wave Quantum has a 12-month low of $8.48 and a 12-month high of $32.39.

D-Wave Quantum (NASDAQ:QBTS) last posted its earnings results on Tuesday, November 10th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The company had revenue of $4.51 million for the quarter, compared to analyst estimates of $4.37 million. During the same period last year, the business earned ($0.41) earnings per share. On average, equities research analysts expect that D-Wave Quantum will post -0.50 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in D-Wave Quantum during the 2nd quarter worth $795,206,000. Bank of America Corp DE acquired a new stake in shares of D-Wave Quantum during the second quarter worth about $104,183,000. Van ECK Associates Corp increased its position in shares of D-Wave Quantum by 52.6% during the second quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock worth $56,132,000 after purchasing an additional 806,835 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of D-Wave Quantum in the 2nd quarter valued at about $54,951,000. Finally, Wellington Management Group LLP lifted its holdings in shares of D-Wave Quantum by 372.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock valued at $43,663,000 after purchasing an additional 1,434,657 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Revenue increased 21% year over year to $4.51 million, topping estimates. Nine-month bookings rose 611% to $37.4 million, while remaining performance obligations reached $38.3 million. D-Wave also reported $503.4 million in cash and investments and an agreement for access to up to $100 million in conditional CHIPS Act funding. D-Wave Reports Third Quarter 2026 Results
• Negative Sentiment: The company reported a quarterly loss of $0.13 per share, wider than the roughly $0.10 loss analysts expected, and a $48.2 million net loss. Operating expenses were $55.9 million, intensifying investor concern about cash burn despite the revenue beat. D Wave Quantum Stock Sinks As Q3 Results Expose Cash Burn
• Negative Sentiment: Third-quarter bookings fell about 19% year over year to $1.9 million, and reports noted weaker system sales. The nine-month bookings surge may not signal broad, steady demand: coverage says it was heavily influenced by a large university system sale, raising questions about the repeatability of growth. D-Wave Sinks as Q3 Loss Misses and Quarterly Bookings Fall
• Negative Sentiment: B. Riley cut its price target from $27 to $22, though it maintained a Buy rating. Separately, a securities class action has been filed alleging misstatements; the allegations are not proven, but the litigation adds uncertainty. B. Riley Financial Issues Pessimistic Forecast for D-Wave Quantum Class action announcement

D-Wave Quantum Company Profile

D-Wave Quantum develops quantum computing systems, software and services for commercial, government and research users. The company focuses on quantum annealing, an approach designed to help solve complex optimization and sampling problems, and offers hybrid tools that combine quantum processing with classical computing. Its offerings include Advantage quantum computers, the Leap quantum cloud service, and software for building and running applications. D-Wave’s technology is used to explore challenges such as scheduling, resource allocation and supply-chain optimization.