D-Wave Quantum (NYSE:QBTS) Raised to “Strong-Buy” at Benchmark

D-Wave Quantum (NYSE:QBTS) was upgraded by equities researchers at Benchmark to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on QBTS. B. Riley Financial raised their target price on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Mizuho lifted their price objective on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Northland Securities began coverage on D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective for the company. Canaccord Genuity Group lowered their target price on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Finally, Roth Capital boosted their target price on D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.47.

D-Wave Quantum Stock Down 9.6%

D-Wave Quantum stock opened at $17.64 on Monday. D-Wave Quantum has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The firm has a 50 day moving average price of $22.99 and a 200 day moving average price of $21.07. The company has a market capitalization of $6.53 billion, a PE ratio of -15.61 and a beta of 2.11.

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 company had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. The business’s revenue for the quarter was down 80.9% compared to the same quarter last year. Research analysts expect that D-Wave Quantum will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director directly owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John D. Dilullo sold 7,850 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the transaction, the director owned 21,310 shares of the company’s stock, valued at $520,603.30. The trade was a 26.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,363,842 shares of company stock worth $35,789,148. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

A number of institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC increased its holdings in D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of D-Wave Quantum by 545.5% during the 1st quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after acquiring an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of D-Wave Quantum in the 4th quarter worth approximately $28,000. PeakShares LLC acquired a new stake in shares of D-Wave Quantum in the 1st quarter worth approximately $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Expanded AT&T partnership provides important commercial validation. AT&T is expanding its use of D-Wave’s quantum-annealing technology across network operations. A highlighted workload reportedly fell from approximately 60 minutes to 15 seconds—a 240-fold acceleration—suggesting D-Wave’s systems are moving beyond research and into real enterprise applications. D-Wave’s AT&T Deal Shows Quantum Computing Is Moving Beyond Theory
• Positive Sentiment: Analyst targets signal significant potential upside. Rosenblatt Securities reaffirmed its Buy rating and assigned a $43 price target. Benchmark also initiated coverage with a Buy rating and a $30 target, reflecting increased confidence that commercial partnerships could improve D-Wave’s long-term growth outlook. Rosenblatt Reiterates Buy Rating
• Neutral Sentiment: Sector volatility is tempering the initial rally. Quantum-computing shares rose sharply after the D-Wave and AT&T announcements but later decreased as Nvidia-led concerns about AI infrastructure spending triggered a broader technology pullback. The move appears partly related to profit-taking and sector-wide risk reduction rather than a reversal in the AT&T opportunity. D-Wave Quantum Dips, Moderating Previous Day’s Rally
• Negative Sentiment: Weak financial performance remains a key risk. D-Wave’s latest reported quarter included revenue of $2.86 million, down 80.9% year over year and below analyst expectations, despite an adjusted loss per share that beat forecasts. The company remains unprofitable and is valued largely on anticipated future commercialization.
• Negative Sentiment: Insider selling is a modest negative signal. Vice President Sophie Ames sold 3,070 shares for approximately $52,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced her holdings by only 0.52%, limiting its importance. SEC Insider Filing

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.