D-Wave Quantum (NASDAQ:QBTS) Stock Price Up 6.6% – Still a Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price traded up 6.6% during trading on Thursday. The company traded as high as $12.87 and last traded at $12.82. 23,250,541 shares were traded during trading, a decline of 12% from the average daily volume of 26,382,631 shares. The stock had previously closed at $12.03.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Multi-year supply-chain agreement: D-Wave and SkyWater Technology reportedly signed a multi-year manufacturing deal intended to strengthen D-Wave’s superconducting quantum-computing supply chain. The agreement could improve production visibility and support the company’s longer-term commercialization efforts. D-Wave and SkyWater manufacturing deal
• Positive Sentiment: Italy deployment: D-Wave announced that its Advantage2 annealing quantum computer arrived in Lombardy, Italy, for installation at Villa Saporiti. The system was funded by Swiss Quantum Technology SA and represents another international customer and deployment milestone. D-Wave delivers Italy’s first annealing quantum computer
• Neutral Sentiment: Valuation and sector volatility: Commentary highlighted QBTS’s sharp multiyear advance and questioned whether its valuation reflects near-term fundamentals. Quantum-computing stocks also recently rebounded after concerns about potential dilution, suggesting continued high volatility across the sector. D-Wave valuation scrutiny
• Negative Sentiment: Multiple class-action notices: Several law firms publicized a securities class action filed against D-Wave and certain executives. The lawsuit covers investors who purchased QBTS securities from February 26 through August 25, 2026, and alleges violations of federal securities laws, including claims that the company overstated its business and financial prospects. The allegations have not been proven, but the litigation creates reputational, financial and management-risk concerns. Lead-plaintiff deadlines cited in the notices are December 14 or 15, 2026. D-Wave class-action notice

Analyst Upgrades and Downgrades

QBTS has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price target on the stock. Jefferies Financial Group set a $40.00 price objective on D-Wave Quantum in a research report on Friday, August 7th. Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Roth Capital reiterated a “buy” rating and set a $30.00 target price on shares of D-Wave Quantum in a research note on Thursday, August 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Stock Down 8.0%

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 stock has a fifty day moving average price of $17.08 and a two-hundred day moving average price of $19.65. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -16.59 and a beta of 2.18.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The business’s revenue for the quarter was down 0.6 on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, sell-side analysts expect that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Insiders Place Their Bets

In other D-Wave Quantum news, VP Sophie Ames sold 3,070 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the sale, the vice president directly owned 589,009 shares in the company, valued at $9,983,702.55. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On D-Wave Quantum

Large investors have recently modified their holdings of the business. Burr Financial Services LLC bought a new stake in D-Wave Quantum during the 3rd quarter worth $6,343,000. Allspring Global Investments Holdings LLC increased its holdings in D-Wave Quantum by 319.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after purchasing an additional 75,198 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in D-Wave Quantum by 64.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 183,481 shares of the company’s stock worth $2,648,000 after purchasing an additional 72,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in D-Wave Quantum by 289.4% in the first quarter. Dimensional Fund Advisors LP now owns 143,064 shares of the company’s stock valued at $2,064,000 after purchasing an additional 106,324 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in D-Wave Quantum in the second quarter valued at about $1,945,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.