D-Wave Quantum (NASDAQ:QBTS) Shares Climb 5.1% – Still a Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price rose 5.1% during trading on Tuesday. The stock traded as high as $12.18 and last traded at $12.13. 12,779,656 shares were traded during trading, a decline of 51% from the average daily volume of 25,839,445 shares. The stock had previously closed at $11.54.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave will report third-quarter 2026 results before the market opens on November 10. The release should provide investors with updates on revenue, bookings, cash usage and progress in commercializing its annealing and gate-model quantum systems. D-Wave Quantum to Report Third Quarter 2026 Financial Results
• Neutral Sentiment: Management plans to attend several November investor conferences, which could increase visibility and offer additional commentary ahead of and following the earnings report. D-Wave Quantum to Participate in Upcoming Investor Conferences
• Neutral Sentiment: Recent coverage highlights a mixed outlook for pure-play quantum companies: D-Wave has technological potential, but investors are weighing its growth prospects against larger competitors such as IBM and Alphabet, which have greater infrastructure and financial resources. Approaching Earnings Season, Are Pure Play Quantum Stocks Still a Good Bet?
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action against D-Wave. The lawsuit alleges that the company overstated its growth prospects and made material misstatements or omissions before sharp August 2026 share-price declines. Investors in the February 26–August 25 class period have until December 15, 2026, to seek lead-plaintiff status. The allegations have not been proven, but the repeated notices add legal and reputational risk. D-Wave Shareholder Class Action Notice
• Negative Sentiment: Analysts and recent commentary remain concerned about widening losses, a lofty valuation and a possible disconnect between D-Wave’s technical advances and near-term revenue generation. Its prior quarterly results missed consensus estimates for both earnings and revenue, increasing the importance of the upcoming report. QBTS Stock Slides Ahead of Q3 Earnings

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Zacks Research downgraded D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Jefferies Financial Group set a $40.00 price target on D-Wave Quantum in a report on Friday, August 7th. Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Finally, Roth Capital reiterated a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a research note on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Stock Up 5.1%

The company has a market cap of $4.49 billion, a P/E ratio of -17.08 and a beta of 2.18. The stock’s 50-day moving average price is $16.29 and its 200-day moving average price is $19.83. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The firm had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. The business’s quarterly revenue was down 0.6 on a year-over-year basis. As a group, research analysts forecast that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently added to or reduced their stakes in QBTS. CoreCap Advisors LLC raised its position in D-Wave Quantum by 9.2% during the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock valued at $147,000 after purchasing an additional 515 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of D-Wave Quantum by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock worth $65,000 after purchasing an additional 698 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of D-Wave Quantum by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock worth $481,000 after purchasing an additional 781 shares in the last quarter. Fiduciary Financial Advisors bought a new position in shares of D-Wave Quantum during the 2nd quarter valued at about $25,000. Finally, Strengthening Families & Communities LLC increased its position in shares of D-Wave Quantum by 72.6% during the 3rd quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company’s stock valued at $41,000 after purchasing an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.