D-Wave Quantum Inc. (NASDAQ:QBTS) Stock Has Average Price Target of $36.27

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) have received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.40.

Several research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Jefferies Financial Group set a $40.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. Wedbush assumed coverage on D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price on the stock. Roth Capital restated a “buy” rating and set a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. Finally, BMO Capital Markets assumed coverage on D-Wave Quantum in a report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target for the company.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Bookings reportedly surged 1,120%, with a $40.7 million backlog and a growing cloud business pointing to possible future revenue growth. The caveat: shipments need to arrive on schedule, while reported revenue has lagged the order book. Article: D-Wave’s Bookings Soared 1,120%, but Revenue Stalled. What Now?
• Neutral Sentiment: B. Riley lowered its QBTS price target to $27 from $40 but kept its Buy rating. The retained rating is supportive, though the sizeable target reduction signals a more cautious outlook. Article: B. Riley Cut Its D-Wave Target to $27
• Negative Sentiment: Quantum stocks came under pressure after a Wall Street bank cut price targets across the sector, adding to concerns about valuations and near-term prospects. Article: Quantum Stocks Tumble as Wall Street Bank Slashes Price Targets
• Negative Sentiment: Several law firms publicized a securities class action against D-Wave and certain officers. The suit alleges investors were misled about the company’s prospects during February 26–August 25, 2026; the allegations are not proven. The legal overhang and repeated investor alerts may weigh on sentiment. The lead-plaintiff deadline is December 15, 2026. Article: Pomerantz Announces Class Action Filing
• Negative Sentiment: A Motley Fool commentary argued QBTS may not gain value by 2030, citing quantum computing’s early stage and uncertain commercial readiness. Article: Prediction: This Will Be D-Wave Quantum’s Stock Price by the End of 2030

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC boosted its stake in D-Wave Quantum by 9.2% during the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock valued at $147,000 after buying an additional 515 shares during the period. GAMMA Investing LLC grew its position in D-Wave Quantum by 21.7% during the third quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock valued at $65,000 after acquiring an additional 698 shares during the last quarter. Private Advisor Group LLC raised its position in D-Wave Quantum by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock worth $481,000 after purchasing an additional 781 shares during the period. Fiduciary Financial Advisors bought a new stake in shares of D-Wave Quantum in the 2nd quarter valued at about $25,000. Finally, Strengthening Families & Communities LLC grew its holdings in shares of D-Wave Quantum by 72.6% in the third quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company’s stock worth $41,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Price Performance

NASDAQ QBTS opened at $10.37 on Wednesday. D-Wave Quantum has a 52 week low of $10.02 and a 52 week high of $32.53. 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 firm’s 50-day simple moving average is $15.07 and its two-hundred day simple moving average is $19.19.

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

About D-Wave Quantum

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.