D-Wave Quantum (NYSE:QBTS) Receives “Buy” Rating from Rosenblatt Securities

D-Wave Quantum (NYSE:QBTS)‘s stock had its “buy” rating reissued by equities researchers at Rosenblatt Securities in a research note issued on Tuesday,Benzinga reports. They currently have a $43.00 target price on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 45.85% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Stifel Nicolaus set a $35.00 price target on shares of D-Wave Quantum in a research note on Tuesday. Weiss Ratings lowered shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. TD Cowen initiated coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating on the stock. Roth Mkm restated a “buy” rating and set a $40.00 target price (up from $30.00) on shares of D-Wave Quantum in a research report on Tuesday. Finally, Northland Securities started coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.93.

D-Wave Quantum Stock Performance

Shares of D-Wave Quantum stock traded down $0.66 on Tuesday, reaching $29.48. 48,875,502 shares of the stock were exchanged, compared to its average volume of 39,939,260. D-Wave Quantum has a 1-year low of $12.75 and a 1-year high of $46.75. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $22.11. The firm has a market capitalization of $10.91 billion, a PE ratio of -27.00 and a beta of 2.05.

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, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same period in the previous year, the business posted ($0.02) earnings per share. The business’s revenue was down 80.9% compared to the same quarter last year. As a group, research analysts anticipate that D-Wave Quantum will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In other news, CFO John M. Markovich sold 328,752 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the sale, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at $39,966,114. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the sale, the director directly owned 27,778 shares of the company’s stock, valued at approximately $489,448.36. The trade was a 26.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 383,553 shares of company stock worth $10,118,016 over the last three months. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew its holdings in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after acquiring an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of D-Wave Quantum in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after buying an additional 838 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum in the 4th quarter valued at about $31,000. Finally, Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum in the 3rd quarter valued at about $30,000. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave Quantum is expected to benefit from a direct $100 million federal capital injection and inclusion in a broader quantum funding program, which could accelerate hardware development and commercialization. D-Wave Quantum Draws US$2b Federal Backing What It Means For Investors
• Positive Sentiment: Needham reaffirmed its Buy rating on D-Wave Quantum and set a $40 price target, signaling confidence in further upside. Needham Reaffirms Buy on D-Wave Quantum
• Positive Sentiment: D-Wave announced a new gate-model roadmap aimed at advancing commercial, fault-tolerant quantum computing, expanding the company’s growth narrative beyond annealing systems. D-Wave Charts a New Course to Fault-Tolerant Quantum Computing with Gate-Model Roadmap
• Neutral Sentiment: Market commentary noted that QBTS has already had a huge run in 2025, which may make the stock more sensitive to pullbacks even as bullish catalysts continue. QBTS soars 168% in 2025: Should you buy for 2026 or wait for pullback?
• Neutral Sentiment: Analysts and media coverage say the company is benefiting from the federal quantum initiative, but the long-term commercial payoff remains uncertain. DoC’s $2B Quantum Initiative Puts These 2 Stocks in the Spotlight

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.