D-Wave Quantum (NASDAQ:QBTS) Stock Price Target Lowered at Needham & Company LLC

D-Wave Quantum (NASDAQ:QBTS) had its target price reduced by Needham & Company LLC from $40.00 to $20.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price target points to a potential upside of 90.84% from the stock’s current price.

Other analysts have also issued reports about the stock. Stifel Nicolaus dropped their price target on shares of D-Wave Quantum from $35.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a report on Thursday, August 6th. Roth Capital reaffirmed a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. B. Riley Financial decreased their price objective on D-Wave Quantum from $27.00 to $22.00 and set a “buy” rating for the company in a report on Monday. Finally, BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average target price of $31.00.

D-Wave Quantum Stock Down 8.6%

Shares of NASDAQ:QBTS opened at $10.48 on Wednesday. The company has a market capitalization of $3.88 billion, a PE ratio of -14.76 and a beta of 2.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. D-Wave Quantum has a 52 week low of $8.48 and a 52 week high of $32.39. The company’s fifty day moving average is $14.34 and its 200-day moving average is $18.76.

D-Wave Quantum (NASDAQ:QBTS) last announced its earnings results on Tuesday, November 10th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The business had revenue of $4.51 million for the quarter, compared to the consensus estimate of $4.37 million. During the same quarter in the previous year, the company posted ($0.41) EPS. Equities research analysts predict that D-Wave Quantum will post -0.50 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new stake in D-Wave Quantum during the second quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of D-Wave Quantum in the 3rd quarter worth $25,000. Silver Grove Financial Group Inc. lifted its stake in shares of D-Wave Quantum by 304.2% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,524 shares of the company’s stock valued at $25,000 after purchasing an additional 1,147 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum during the second quarter valued at approximately $39,000. Finally, Kelleher Financial Advisors bought a new stake in shares of D-Wave Quantum during the second quarter worth $39,000. Institutional investors own 42.47% of the company’s stock.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Revenue increased 21% year over year to $4.51 million, topping estimates. Nine-month bookings rose 611% to $37.4 million, while remaining performance obligations reached $38.3 million. D-Wave also reported $503.4 million in cash and investments and an agreement for access to up to $100 million in conditional CHIPS Act funding. D-Wave Reports Third Quarter 2026 Results
• Negative Sentiment: The company reported a quarterly loss of $0.13 per share, wider than the roughly $0.10 loss analysts expected, and a $48.2 million net loss. Operating expenses were $55.9 million, intensifying investor concern about cash burn despite the revenue beat. D Wave Quantum Stock Sinks As Q3 Results Expose Cash Burn
• Negative Sentiment: Third-quarter bookings fell about 19% year over year to $1.9 million, and reports noted weaker system sales. The nine-month bookings surge may not signal broad, steady demand: coverage says it was heavily influenced by a large university system sale, raising questions about the repeatability of growth. D-Wave Sinks as Q3 Loss Misses and Quarterly Bookings Fall
• Negative Sentiment: B. Riley cut its price target from $27 to $22, though it maintained a Buy rating. Separately, a securities class action has been filed alleging misstatements; the allegations are not proven, but the litigation adds uncertainty. B. Riley Financial Issues Pessimistic Forecast for D-Wave Quantum Class action announcement

D-Wave Quantum Company Profile

D-Wave Quantum develops quantum computing systems, software and services for commercial, government and research users. The company focuses on quantum annealing, an approach designed to help solve complex optimization and sampling problems, and offers hybrid tools that combine quantum processing with classical computing. Its offerings include Advantage quantum computers, the Leap quantum cloud service, and software for building and running applications. D-Wave’s technology is used to explore challenges such as scheduling, resource allocation and supply-chain optimization.