D-Wave Quantum (NYSE:QBTS) Earns “Buy” Rating from Rosenblatt Securities

D-Wave Quantum (NYSE:QBTS)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $43.00 target price on the stock. Rosenblatt Securities’ price objective points to a potential upside of 120.40% from the stock’s previous close.

QBTS has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Benchmark started coverage on D-Wave Quantum in a research report on Monday. They set a “buy” rating and a $30.00 target price on the stock. Roth Capital raised their price target on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.47.

D-Wave Quantum Stock Up 20.4%

Shares of D-Wave Quantum stock opened at $19.51 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. D-Wave Quantum has a 1 year low of $12.75 and a 1 year high of $46.75. The firm’s 50-day moving average is $23.01 and its two-hundred day moving average is $21.15. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of -17.27 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, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The company’s quarterly revenue was down 80.9% compared to the same quarter last year. As a group, research analysts expect that D-Wave Quantum will post -0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Rohit Ghai sold 13,518 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the transaction, the director directly owned 23,617 shares of the company’s stock, valued at approximately $623,724.97. This represents a 36.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 that occurred 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 transaction, the chief financial officer directly owned 1,442,820 shares of the company’s stock, valued at $39,966,114. This represents a 18.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,360,772 shares of company stock worth $35,737,111 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

Several large investors have recently made changes to their positions in QBTS. Massachusetts Financial Services Co. MA purchased a new position in shares of D-Wave Quantum during the 4th quarter valued at about $1,114,000. World Investment Advisors boosted its stake in shares of D-Wave Quantum by 195.7% during the 4th 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 in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of D-Wave Quantum by 319.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock valued at $1,353,000 after acquiring an additional 75,198 shares during the period. Clear Street Group Inc. grew its position in shares of D-Wave Quantum by 40.4% during the 4th 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 during the period. Finally, Cibc World Market Inc. increased its stake in shares of D-Wave Quantum by 295.0% in 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 in the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Key D-Wave Quantum News

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

• Positive Sentiment: Expanded AT&T partnership: AT&T plans to broaden its use of D-Wave’s annealing quantum systems to address network-operations optimization problems. The agreement provides evidence of commercial traction and could improve D-Wave’s revenue visibility, though the announcement did not disclose financial terms. AT&T Signs Agreement to Expand Use of D-Wave’s Quantum Computing Technology Across Network Operations
• Positive Sentiment: Analyst and industry optimism: Coverage highlighted the AT&T deal as a meaningful commercial milestone, while Benchmark analyst Gary Mobley expects the quantum-computing industry to generate approximately $1.5 billion in revenue in 2026 and views D-Wave, IonQ and Rigetti favorably. Quantum’s ‘Tipping Point’: Why IonQ, D-Wave, and Rigetti Stocks Are Buys
• Positive Sentiment: Pre-earnings positioning: Analysts point to D-Wave’s bookings, revenue visibility and substantial liquidity as positives ahead of its second-quarter results. Investors will look for evidence that the company is executing against its commercial pipeline. QBTS or QUBT: Which Quantum Stock is a Buy Ahead of Q2 Earnings?
• Neutral Sentiment: Broad sector volatility: Quantum stocks retreated in premarket trading after D-Wave’s AT&T announcement and other industry deals sparked a sharp sectorwide rally Monday. The pullback appears to reflect profit-taking rather than a new company-specific setback.
• Negative Sentiment: Valuation and execution concerns: One analysis argued that D-Wave’s technology roadmap is lagging and that the stock is overvalued, underscoring the risks associated with a high-growth company that remains unprofitable. Investors may also demand stronger revenue growth and concrete results from the AT&T relationship. D-Wave Quantum: A Lagging Roadmap And Overvalued Stock

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.