Analysts Set D-Wave Quantum Inc. (NYSE:QBTS) Target Price at $38.21

D-Wave Quantum Inc. (NYSE:QBTS) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $38.2143.

Several analysts have issued reports on the stock. Roth Mkm set a $40.00 price target on shares of D-Wave Quantum in a report on Thursday, November 6th. Mizuho initiated coverage on D-Wave Quantum in a research report on Thursday, December 11th. They set an “outperform” rating and a $46.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. TD Cowen initiated coverage on D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating for the company. Finally, Wedbush started coverage on D-Wave Quantum in a report on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target for the company.

D-Wave Quantum Price Performance

Shares of QBTS opened at $18.04 on Friday. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $24.83 and its two-hundred day moving average is $24.94. D-Wave Quantum has a twelve month low of $4.45 and a twelve month high of $46.75. The firm has a market capitalization of $6.67 billion, a PE ratio of -13.36 and a beta of 1.56.

Insider Transactions at D-Wave Quantum

In other news, Director Kirstjen Nielsen sold 7,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $22.62, for a total transaction of $158,340.00. Following the transaction, the director directly owned 112,673 shares in the company, valued at $2,548,663.26. This represents a 5.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.36, for a total transaction of $218,880.00. Following the completion of the sale, the director directly owned 27,803 shares in the company, valued at $760,690.08. This represents a 22.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,074,466 shares of company stock worth $31,558,806 in the last three months. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

A number of large investors have recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new stake in D-Wave Quantum in the 4th quarter valued at $31,000. Invesco Ltd. lifted its stake in shares of D-Wave Quantum by 0.7% during the fourth quarter. Invesco Ltd. now owns 844,033 shares of the company’s stock worth $22,071,000 after purchasing an additional 5,871 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of D-Wave Quantum by 26.3% in the fourth quarter. Corient Private Wealth LLC now owns 30,904 shares of the company’s stock worth $802,000 after buying an additional 6,426 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of D-Wave Quantum by 100.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 60,175 shares of the company’s stock valued at $1,574,000 after buying an additional 30,223 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of D-Wave Quantum by 2.8% during the 4th quarter. Vident Advisory LLC now owns 47,077 shares of the company’s stock valued at $1,231,000 after buying an additional 1,276 shares during the period. 42.47% of the stock is currently 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: Trybe Capital bought 1.9 million shares of QBTS, signaling institutional confidence and providing a near-term demand catalyst. Trybe Capital Loads Up D-Wave Quantum With 1.9 Million Shares Bought
• Positive Sentiment: D-Wave joined the Southeastern Quantum Collaborative as an inaugural member, expanding its academic, industry and government network — a strategic move that can help commercial adoption and partnership-driven bookings. D-Wave Joins Southeastern Quantum Collaborative as Inaugural Member
• Positive Sentiment: Analysts have placed a consensus rating of “Moderate Buy” on QBTS, which may support investor sentiment and limit downside if execution continues. D-Wave Quantum Inc. (NYSE:QBTS) Receives Consensus Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Comparative analyses (IonQ vs. D‑Wave) highlight both firms’ rapid growth but don’t give a clear edge to either — useful context for investors deciding between quantum names but not an immediate price driver. IonQ vs. D-Wave: Which Quantum Stock Has the Clearer Path to Growth in 2026?
• Neutral Sentiment: The Motley Fool published a broader cautionary piece on popular stocks to sell, underscoring appetite for profit-taking in richly valued names across tech — a sector-wide headwind that can add pressure to QBTS. 2 Incredibly Popular Stocks to Sell Before They Plummet
• Negative Sentiment: Zacks warns that while Q4 bookings and tech progress could be strong, QBTS’s lofty valuation and margin pressure may cap upside — a near-term negative catalyst ahead of earnings. Should You Buy D-Wave Stock Ahead of Q4 Earnings Release?
• Negative Sentiment: MarketBeat and other outlets continue to flag volatility in the quantum sector and note peers sometimes outperforming D‑Wave, reinforcing downside risk if sentiment toward quantum names cools. MarketBeat Week in Review – 02/16 – 02/20

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.