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

D-Wave Quantum (NYSE:QBTS)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $43.00 price objective on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 74.16% from the stock’s previous close.

A number of other research firms have also issued reports on QBTS. Weiss Ratings reiterated a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday, December 29th. Roth Mkm set a $40.00 target price on D-Wave Quantum in a report on Thursday, November 6th. Zacks Research raised shares of D-Wave Quantum from a “strong sell” rating to a “hold” rating in a report on Thursday, November 6th. Canaccord Genuity Group raised their price objective on shares of D-Wave Quantum from $20.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Williams Trading set a $35.00 target price on shares of D-Wave Quantum in a report on Monday, November 10th. Thirteen investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.07.

D-Wave Quantum Stock Performance

NYSE:QBTS opened at $24.69 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49. The business has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $24.64. D-Wave Quantum has a 1 year low of $4.45 and a 1 year high of $46.75. The company has a market capitalization of $8.64 billion, a P/E ratio of -18.29 and a beta of 1.57.

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

Insider Transactions at D-Wave Quantum

In other news, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $24.28, for a total transaction of $242,800.00. Following the sale, the director owned 37,778 shares in the company, valued at approximately $917,249.84. This trade represents a 20.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan E. Baratz sold 806,288 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $28.87, for a total value of $23,277,534.56. Following the completion of the transaction, the chief executive officer directly owned 2,801,265 shares in the company, valued at approximately $80,872,520.55. This represents a 22.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,346,916 shares of company stock valued at $65,591,314 in the last quarter. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QBTS. Atlantic Union Bankshares Corp purchased a new position in D-Wave Quantum in the 2nd quarter worth $29,000. Ancora Advisors LLC purchased a new stake in D-Wave Quantum during the third quarter valued at about $30,000. Financial Consulate Inc. bought a new position in shares of D-Wave Quantum during the third quarter valued at about $31,000. Gables Capital Management Inc. purchased a new position in shares of D-Wave Quantum in the second quarter worth about $37,000. Finally, Kelleher Financial Advisors bought a new stake in shares of D-Wave Quantum in the 3rd quarter valued at about $40,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

D-Wave Quantum News Summary

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

• Positive Sentiment: Florida Atlantic University agreed to purchase an Advantage2 annealing quantum computer in a $20M deal that validates large-system sales and recurring installation/service revenue. Florida Atlantic University Signs $20M Agreement
• Positive Sentiment: D-Wave disclosed a $10M commercial deal with a Fortune 100 company, signaling enterprise adoption beyond early-stage pilots. D-Wave Announces $10M Quantum Deal
• Positive Sentiment: The company announced product and technology milestones (new hybrid solver capabilities and gate-model progress) at its Qubits 2026 conference, which could expand addressable use cases and customer value. D-Wave Announces Advancements in Annealing and Gate-Model
• Positive Sentiment: D-Wave selected Boca Raton for its new U.S. HQ and R&D facility, a move highlighted alongside roughly $30M in recent deals — a signal of scaling operations and customer engagement. D-Wave Selects Boca Raton for New Corporate Headquarters
• Positive Sentiment: Partnership with Anduril and Davidson targets defense applications (air & missile defense), opening an addressable public-sector market and potential long-term contracts. Anduril, Davidson and D-Wave Collaborate
• Neutral Sentiment: The pre-market rally was widely attributed to the cluster of announcements (FAU order, enterprise deal, tech updates); media coverage amplified investor attention. What triggered QBTS stock’s pre-market rally today?
• Neutral Sentiment: Analyst/commentary pieces note D-Wave’s improving commercial traction and revenue growth vs. peers — a constructive backdrop but one that still relies on continued sales execution. QBTS or IONQ: Which Quantum Stock Wins
• Negative Sentiment: D-Wave filed shelf registrations totaling about $330M, which gives the company flexibility to raise equity capital but creates a concrete dilution risk that could pressure the stock if shares are issued. D-Wave Files $330 Million Shelf

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.