D-Wave Quantum (NASDAQ:QBTS) Stock Price Target Lowered at Stifel Nicolaus

D-Wave Quantum (NASDAQ:QBTS) had its price objective decreased by equities researchers at Stifel Nicolaus from $35.00 to $23.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target would suggest a potential upside of 119.47% from the stock’s previous close.

A number of other brokerages have also issued reports on QBTS. Mizuho set a $23.00 target price on shares of D-Wave Quantum in a research report on Tuesday. Roth Capital restated a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Rosenblatt Securities reduced their price objective on D-Wave Quantum from $43.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a research report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $31.00.

D-Wave Quantum Price Performance

D-Wave Quantum stock opened at $10.48 on Wednesday. The business’s fifty day moving average is $14.34 and its two-hundred day moving average is $18.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The firm has a market cap of $3.88 billion, a P/E ratio of -14.76 and a beta of 2.35. D-Wave Quantum has a 52 week low of $8.48 and a 52 week high of $32.39.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The company had revenue of $4.51 million for the quarter, compared to the consensus estimate of $4.37 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. During the same period in the prior year, the company earned ($0.41) EPS. Equities research analysts forecast that D-Wave Quantum will post -0.50 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. Fiduciary Financial Advisors bought a new position in D-Wave Quantum in the second quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of D-Wave Quantum in the 3rd quarter valued at $25,000. Silver Grove Financial Group Inc. lifted its stake in shares of D-Wave Quantum by 304.2% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,524 shares of the company’s stock valued at $25,000 after purchasing an additional 1,147 shares during the period. Ancora Advisors LLC bought a new position in shares of D-Wave Quantum in the 2nd quarter worth $39,000. Finally, Kelleher Financial Advisors bought a new position in shares of D-Wave Quantum in the 2nd quarter worth $39,000. 42.47% of the stock is owned by institutional investors.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Revenue increased 21% year over year to $4.51 million, topping estimates. Nine-month bookings rose 611% to $37.4 million, while remaining performance obligations reached $38.3 million. D-Wave also reported $503.4 million in cash and investments and an agreement for access to up to $100 million in conditional CHIPS Act funding. D-Wave Reports Third Quarter 2026 Results
• Negative Sentiment: The company reported a quarterly loss of $0.13 per share, wider than the roughly $0.10 loss analysts expected, and a $48.2 million net loss. Operating expenses were $55.9 million, intensifying investor concern about cash burn despite the revenue beat. D Wave Quantum Stock Sinks As Q3 Results Expose Cash Burn
• Negative Sentiment: Third-quarter bookings fell about 19% year over year to $1.9 million, and reports noted weaker system sales. The nine-month bookings surge may not signal broad, steady demand: coverage says it was heavily influenced by a large university system sale, raising questions about the repeatability of growth. D-Wave Sinks as Q3 Loss Misses and Quarterly Bookings Fall
• Negative Sentiment: B. Riley cut its price target from $27 to $22, though it maintained a Buy rating. Separately, a securities class action has been filed alleging misstatements; the allegations are not proven, but the litigation adds uncertainty. B. Riley Financial Issues Pessimistic Forecast for D-Wave Quantum Class action announcement

D-Wave Quantum Company Profile

D-Wave Quantum develops quantum computing systems, software and services for commercial, government and research users. The company focuses on quantum annealing, an approach designed to help solve complex optimization and sampling problems, and offers hybrid tools that combine quantum processing with classical computing. Its offerings include Advantage quantum computers, the Leap quantum cloud service, and software for building and running applications. D-Wave’s technology is used to explore challenges such as scheduling, resource allocation and supply-chain optimization.