Wall Street Zen Upgrades D-Wave Quantum (NYSE:QBTS) to “Hold”

D-Wave Quantum (NYSE:QBTS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other research analysts have also recently weighed in on QBTS. B. Riley lifted their price objective on shares of D-Wave Quantum from $22.00 to $33.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Evercore ISI initiated coverage on D-Wave Quantum in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $44.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. Roth Capital set a $40.00 price objective on D-Wave Quantum in a research report on Thursday, November 6th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday, January 7th. Fourteen equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.67.

D-Wave Quantum Trading Down 3.9%

NYSE QBTS opened at $28.15 on Friday. The company has a market capitalization of $9.85 billion, a price-to-earnings ratio of -20.85 and a beta of 1.57. The company’s 50-day simple moving average is $26.34 and its two-hundred day simple moving average is $23.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. D-Wave Quantum has a one year low of $3.74 and a one year high of $46.75.

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

Insider Transactions at D-Wave Quantum

In related news, Director John D. Dilullo sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.36, for a total value of $218,880.00. Following the transaction, the director directly owned 27,803 shares in the company, valued at approximately $760,690.08. This represents a 22.34% 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, CEO Alan E. Baratz sold 793,712 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $30.13, for a total value of $23,914,542.56. Following the sale, the chief executive officer directly owned 2,633,163 shares of the company’s stock, valued at approximately $79,337,201.19. This trade represents a 23.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,342,087 shares of company stock valued at $66,073,024. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of D-Wave Quantum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of D-Wave Quantum by 254.7% during the 4th quarter. SG Americas Securities LLC now owns 2,272,020 shares of the company’s stock worth $59,413,000 after purchasing an additional 1,631,415 shares during the period. Parisi Gray Wealth Management purchased a new stake in shares of D-Wave Quantum in the 4th quarter valued at $272,000. QP Wealth Management LLC acquired a new position in D-Wave Quantum during the 4th quarter worth about $432,000. Noble Wealth Management PBC boosted its holdings in D-Wave Quantum by 6.7% during the 4th quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock valued at $251,000 after acquiring an additional 600 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of D-Wave Quantum by 46.3% during the fourth quarter. GAMMA Investing LLC now owns 2,741 shares of the company’s stock worth $72,000 after purchasing an additional 867 shares in the last quarter. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Key D-Wave Quantum News

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

• Positive Sentiment: Agreement to acquire Quantum Circuits for $550M (cash + stock) bolsters D-Wave’s gate-model capabilities and gives the company a clear strategic path beyond annealing; the deal is cited as a major reason for renewed investor interest. D-Wave Stock In Focus — Strikes $550 Million Quantum Deal
• Positive Sentiment: Multiple Wall Street shops are reiterating buy/outperform ratings and raising price targets, providing broker support that can sustain demand near current levels (examples: Cantor Fitzgerald, Rosenblatt, Wedbush). Cantor Fitzgerald Remains a Buy on D-Wave Quantum (QBTS)
• Positive Sentiment: 2025 operational wins — strong revenue growth, major contracts, tech milestones (Advantage2 sales, cryogenic on‑chip control) and a large cash balance (~$836M) — underpin optimistic forward expectations for 2026 commercialization. D-Wave’s Year in Review: 2025 Wins Set the Stage for 2026
• Neutral Sentiment: Unusual options activity and heavy trading volumes indicate short-term speculative positioning — can amplify intraday moves but not a directional signal by itself. D-Wave Quantum Unusual Options Activity For January 08
• Neutral Sentiment: Analyst price-target dispersion and large institutional repositioning (some funds adding, others trimming) are increasing volatility — consensus targets remain above current levels but vary widely. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Significant insider selling has been reported (numerous executive sales over recent months), which can worry investors about near‑term sentiment even if some sales are routine. D-Wave Quantum Inc. Stock (QBTS) Opinions on Quantum Circuits Acquisition
• Negative Sentiment: Valuation and longer-term commercialization risk remain key concerns — critics warn the sector could be overhyped and that useful, broad enterprise adoption may take years, which increases downside risk if growth disappoints. Prediction: 3 Popular Stocks Will Crash in 2026 When This Stock Market Bubble Bursts

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.