Rosenblatt Securities Reaffirms “Buy” Rating for D-Wave Quantum (NYSE:QBTS)

D-Wave Quantum (NYSE:QBTS)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They currently have a $43.00 price objective on the stock. Rosenblatt Securities’ price target suggests a potential upside of 121.54% from the stock’s previous close.

QBTS has been the topic of several other reports. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research note on Thursday. Benchmark started coverage on shares of D-Wave Quantum in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 target price on the stock. Mizuho increased their target price on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.73.

D-Wave Quantum Price Performance

Shares of NYSE:QBTS opened at $19.41 on Friday. D-Wave Quantum has a 12 month low of $12.75 and a 12 month high of $46.75. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of -17.18 and a beta of 2.15. The stock’s 50 day moving average price is $21.93 and its 200 day moving average price is $20.59. 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 (NYSE:QBTS) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.19 million. During the same period last year, the company posted ($0.02) EPS. The firm’s quarterly revenue was down 80.9% on a year-over-year basis. Equities research analysts anticipate that D-Wave Quantum will post -0.42 earnings per share for the current fiscal year.

Insider Activity at D-Wave Quantum

In related news, VP Sophie C. Ames sold 3,070 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the sale, the vice president directly owned 589,009 shares in the company, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the company’s 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 completion of the transaction, the director directly owned 23,617 shares in the company, valued at approximately $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,363,842 shares of company stock valued at $35,789,148. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after buying an additional 10,205,427 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in D-Wave Quantum by 136,842.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock valued at $83,546,000 after acquiring an additional 3,192,533 shares during the period. Goldman Sachs Group Inc. grew its position in shares of D-Wave Quantum by 311.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after purchasing an additional 2,685,980 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of D-Wave Quantum in the second quarter valued at about $54,951,000. Finally, Marex Group plc increased its stake in shares of D-Wave Quantum by 74.9% in the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock worth $120,098,000 after purchasing an additional 1,966,500 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

More D-Wave Quantum News

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

• Positive Sentiment: Bookings surged approximately 1,100% to $40.7 million, while revenue-generating customer orders increased sharply. Management said the growth strengthens D-Wave’s position in the commercial quantum-computing market. Why D-Wave Quantum Stock Fell After Earnings Revealed in a 1,120% Surge in Bookings
• Positive Sentiment: D-Wave reported a Nature-published hardware breakthrough involving a high-fidelity, two-qubit entangling gate and quantum-error-correction architecture. The research could support its longer-term transition toward practical, fault-tolerant gate-model systems. D-Wave Demonstrates Major Hardware Breakthrough
• Positive Sentiment: Some Wall Street commentary remains bullish on quantum-computing stocks, citing potential industry advances in 2026 and analyst upside for D-Wave and its peers. 3 Quantum Computing Stocks With the Most Analyst Upside in August

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.