D-Wave Quantum (NASDAQ:QBTS) Stock Price Up 18% – Should You Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS) rose 18% on Friday. The company traded as high as $10.80 and last traded at $10.68. Approximately 26,322,391 shares were traded during trading, an increase of 3% from the average session volume of 25,461,678 shares. The stock had previously closed at $9.05.

D-Wave Quantum News Roundup

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

• Positive Sentiment: Quantum-computing peers rallied after IonQ beat third-quarter expectations and raised its 2026 revenue outlook, lifting D-Wave and other stocks in the sector. This appears to be the clearest near-term catalyst for QBTS. Article: IonQ Surges on Beat and Raised Guidance
• Positive Sentiment: D-Wave upgraded its Stride hybrid solver, reporting faster, higher-quality optimization results, and introduced a training curriculum intended to help enterprise teams apply its tools. These steps could support adoption, though the reports do not quantify near-term revenue impact. Article: D-Wave Quantum Upgraded Its Stride Hybrid Solver
• Neutral Sentiment: Investors are also weighing an earnings preview that acknowledges D-Wave has real customers but argues that expectations for its longer-term growth may already be reflected in the stock. Article: D-Wave Quantum Earnings Preview
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought shares during part of 2026, with a lead-plaintiff deadline in December. The notices describe allegations, not a finding of wrongdoing, but may add uncertainty and reputational risk. Article: QBTS Investors Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: Another report highlights the gap between D-Wave’s multibillion-dollar valuation and its relatively small revenue base, underscoring concerns about how much future growth is priced in. Article: D-Wave’s Valuation and Revenue

Wall Street Analyst Weigh In

A number of analysts have commented on QBTS shares. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Roth Capital reissued a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Rosenblatt Securities restated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Friday, August 7th. Finally, Canaccord Genuity Group set a $35.00 target price on D-Wave Quantum in a research report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

D-Wave Quantum Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of -15.04 and a beta of 2.35. The business’s fifty day simple moving average is $14.73 and its 200 day simple moving average is $18.99.

D-Wave Quantum (NASDAQ:QBTS) last released 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 company had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. D-Wave Quantum’s revenue for the quarter was down 0.6 compared to the same quarter last year. During the same period last year, the company earned ($0.08) EPS. On average, research analysts forecast that D-Wave Quantum Inc. will post -0.50 EPS for the current year.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently bought and sold shares of QBTS. Burr Financial Services LLC purchased a new stake in shares of D-Wave Quantum in the 3rd quarter worth approximately $6,343,000. Allspring Global Investments Holdings LLC raised its stake in D-Wave Quantum by 319.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock valued at $1,353,000 after buying an additional 75,198 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in D-Wave Quantum by 64.7% during the first quarter. The Manufacturers Life Insurance Company now owns 183,481 shares of the company’s stock valued at $2,648,000 after buying an additional 72,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $2,064,000 after acquiring an additional 106,324 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in D-Wave Quantum in the second quarter worth $1,945,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

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.