Brokerages Set D-Wave Quantum Inc. (NYSE:QBTS) Target Price at $34.67

Shares of D-Wave Quantum Inc. (NYSE:QBTS) have been assigned an average rating of “Moderate Buy” from the seventeen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.40.

A number of research analysts recently issued reports on QBTS shares. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. TD Cowen started coverage on shares of D-Wave Quantum in a report on Thursday, February 12th. They set a “buy” rating for the company. Mizuho reduced their price target on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Canaccord Genuity Group cut their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, B. Riley Financial increased their target price on D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday.

D-Wave Quantum Stock Down 13.6%

D-Wave Quantum stock opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The firm has a 50 day moving average price of $20.70 and a 200 day moving average price of $22.20. D-Wave Quantum has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The company has a market capitalization of $8.83 billion, a PE ratio of -21.12 and a beta of 2.05.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same quarter in the prior year, the company earned ($0.02) EPS. D-Wave Quantum’s revenue was down 80.9% on a year-over-year basis. Research analysts expect that D-Wave Quantum will post -0.43 earnings per share for the current year.

Insider Activity

In related news, VP Sophie C. Ames sold 23,025 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total transaction of $437,014.50. Following the sale, the vice president owned 596,803 shares of the company’s stock, valued at $11,327,320.94. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 2,908 shares of D-Wave Quantum stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total value of $90,148.00. Following the sale, the chief financial officer owned 1,439,912 shares of the company’s stock, valued at approximately $44,637,272. This represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 378,461 shares of company stock worth $10,064,084 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of D-Wave Quantum

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC increased its stake in D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after purchasing an additional 776 shares during the last quarter. Parallel Advisors LLC lifted its position in D-Wave Quantum by 545.5% during the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after buying an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of D-Wave Quantum during the 4th quarter valued at $28,000. PeakShares LLC acquired a new position in shares of D-Wave Quantum during the first quarter worth about $29,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after buying an additional 838 shares during the period. 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: D-Wave outlined a new roadmap targeting 100 logical qubits by 2032, with more than 1 million operations and much lower error rates through its dual-rail architecture. That kind of long-range technical progress can support the stock by reinforcing the company’s commercialization story and its position in quantum computing. D-Wave Unveils Fault-Tolerant Quantum Computing Plan: What’s Ahead?
• Positive Sentiment: Recent Investor Day coverage highlighted D-Wave’s message that quantum computing is already commercial, which may be helping sustain bullish sentiment around QBTS and keeping investors focused on its long-term growth potential. D-Wave Quantum Inc. (QBTS) Analyst/Investor Day Transcript
• Positive Sentiment: The company also received a 2026 Great Place To Work certification, a modest but favorable signal about hiring culture and execution during a period of rapid expansion. D-Wave Certified as a Great Place To Work® Company
• Neutral Sentiment: Quantinuum’s IPO and media attention have lifted the profile of the broader quantum computing sector, but they have also increased trading volatility across the group, including QBTS. Quantinuum Stock Falls After Uninspiring Quantum IPO Debut. What Went Wrong?
• Negative Sentiment: QBTS was also reported to have traded lower alongside other quantum names ahead of Quantinuum’s Nasdaq debut, suggesting investors may be rotating within the sector rather than buying broadly. Rigetti, D-Wave, IonQ Stocks Sink as Quantinuum’s $1.5 Billion IPO Nears Nasdaq Debut
• Negative Sentiment: Sentiment may be slightly pressured by CFO John M. Markovich’s sale of 2,908 shares, even though the transaction was small relative to his remaining holdings. SEC Form 4 for John M. Markovich

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.