D-Wave Quantum’s (QBTS) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of D-Wave Quantum (NYSE:QBTS) in a research note released on Friday morning,Benzinga reports. The firm currently has a $35.00 target price on the stock.

Several other brokerages have also recently issued reports on QBTS. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Wedbush began coverage on shares of D-Wave Quantum in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 price target on the stock. Cantor Fitzgerald upped their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Williams Trading set a $35.00 price objective on shares of D-Wave Quantum in a report on Monday, November 10th. Finally, Roth Mkm set a $40.00 target price on shares of D-Wave Quantum in a research note on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.86.

D-Wave Quantum Trading Down 6.6%

QBTS stock opened at $25.61 on Friday. D-Wave Quantum has a 12-month low of $4.45 and a 12-month high of $46.75. The business’s 50-day moving average is $26.29 and its 200 day moving average is $24.52. The company has a current ratio of 54.68, a quick ratio of 54.49 and a debt-to-equity ratio of 0.05. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of -18.97 and a beta of 1.57.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $3.74 million for the quarter, compared to the consensus estimate of $3.03 million. D-Wave Quantum had a negative return on equity of 97.58% and a negative net margin of 1,651.81%.The company’s revenue for the quarter was up 105.6% on a year-over-year basis. On average, sell-side analysts anticipate that D-Wave Quantum will post -0.41 EPS for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In related news, Director Kirstjen Nielsen sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $22.62, for a total value of $158,340.00. Following the transaction, the director directly owned 112,673 shares in the company, valued at approximately $2,548,663.26. This represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $24.28, for a total value of $242,800.00. Following the sale, the director directly owned 37,778 shares of the company’s stock, valued at approximately $917,249.84. This trade represents a 20.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,346,916 shares of company stock worth $65,591,314. Insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

Several institutional investors and hedge funds have recently bought and sold shares of QBTS. Vanguard Group Inc. boosted its stake in D-Wave Quantum by 41.2% during the third quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock worth $950,220,000 after buying an additional 11,218,255 shares during the period. UBS Group AG lifted its holdings in shares of D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after acquiring an additional 10,205,427 shares during the last quarter. State Street Corp boosted its position in shares of D-Wave Quantum by 41.3% during the 2nd quarter. State Street Corp now owns 6,648,395 shares of the company’s stock worth $97,333,000 after purchasing an additional 1,941,762 shares during the period. Geode Capital Management LLC increased its holdings in D-Wave Quantum by 41.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,411,558 shares of the company’s stock valued at $93,877,000 after purchasing an additional 1,883,109 shares during the last quarter. Finally, Marex Group plc purchased a new stake in D-Wave Quantum in the second quarter valued at approximately $80,070,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave completed its acquisition of Quantum Circuits, expanding its product and engineering footprint and accelerating commercialization of gate-model capabilities alongside its annealing systems. Article Title
• Positive Sentiment: Company momentum: 2025 marked a clear revenue inflection — triple-digit year-over-year revenue growth and Advantage2 system sales are shifting D‑Wave from research toward commercial revenue streams, supporting a longer-term growth story. Article Title
• Positive Sentiment: Analyst support: Needham (maintained buy, $48 PT) and Benchmark (buy, $35 PT) reaffirmed bullish views — signals of institutional confidence that provide upside targets well above current levels. Needham Coverage Benchmark Coverage
• Neutral Sentiment: Investors can review management commentary and detail in recent earnings call transcripts (Q2 and Q3 2025) for updates on pipeline, product cadence and commercial bookings; these are information-heavy but not immediate price-moving headlines on their own. Q2 2025 Transcript Q3 2025 Transcript
• Neutral Sentiment: Analyst and sector comparisons (e.g., Zacks piece comparing Rigetti and D‑Wave) frame D‑Wave as a near-term commercial play vs. gate‑focused peers — useful context for longer-term positioning but mixed for short-term trading. Article Title
• Negative Sentiment: New US$330M shelf filing has raised near-term dilution and funding questions; investors appear to be pricing potential share issuance against the positive acquisition and revenue news, contributing to selling pressure. Article Title

D-Wave Quantum Company Profile

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.