D-Wave Quantum (NASDAQ:QBTS) Stock Price Up 18% – Should You Buy?

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) traded up 18% during trading on Friday. The stock traded as high as $10.80 and last traded at $10.68. Approximately 26,322,391 shares were traded during trading, an increase of 3% from the average daily volume of 25,461,678 shares. The stock had previously closed at $9.05.

More D-Wave Quantum News

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

• Positive Sentiment: Quantum-computing peers rallied after IonQ beat third-quarter expectations and raised its 2026 revenue outlook, lifting D-Wave and other stocks in the sector. This appears to be the clearest near-term catalyst for QBTS. Article: IonQ Surges on Beat and Raised Guidance
• Positive Sentiment: D-Wave upgraded its Stride hybrid solver, reporting faster, higher-quality optimization results, and introduced a training curriculum intended to help enterprise teams apply its tools. These steps could support adoption, though the reports do not quantify near-term revenue impact. Article: D-Wave Quantum Upgraded Its Stride Hybrid Solver
• Neutral Sentiment: Investors are also weighing an earnings preview that acknowledges D-Wave has real customers but argues that expectations for its longer-term growth may already be reflected in the stock. Article: D-Wave Quantum Earnings Preview
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought shares during part of 2026, with a lead-plaintiff deadline in December. The notices describe allegations, not a finding of wrongdoing, but may add uncertainty and reputational risk. Article: QBTS Investors Have Opportunity to Lead Securities Fraud Lawsuit
• Negative Sentiment: Another report highlights the gap between D-Wave’s multibillion-dollar valuation and its relatively small revenue base, underscoring concerns about how much future growth is priced in. Article: D-Wave’s Valuation and Revenue

Wall Street Analyst Weigh In

Several brokerages have issued reports on QBTS. B. Riley Financial decreased their target price on shares of D-Wave Quantum from $40.00 to $27.00 and set a “buy” rating for the company in a report on Monday. BMO Capital Markets began coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research report on Friday, August 7th. Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. Finally, Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

D-Wave Quantum Stock Performance

The business’s fifty day moving average price is $14.73 and its 200-day moving average price is $18.99. The stock has a market cap of $3.95 billion, a PE ratio of -15.04 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 (NASDAQ:QBTS) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share 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 company had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. During the same quarter last year, the company earned ($0.08) EPS. The firm’s revenue for the quarter was down 0.6 on a year-over-year basis. As a group, equities research analysts forecast that D-Wave Quantum Inc. will post -0.50 EPS for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Financial Advisors purchased a new position in shares of D-Wave Quantum in the 2nd quarter worth $25,000. Silver Grove Financial Group Inc. grew its holdings in shares of D-Wave Quantum by 304.2% in the third quarter. Silver Grove Financial Group Inc. now owns 1,524 shares of the company’s stock worth $25,000 after acquiring an additional 1,147 shares during the period. Parallel Advisors LLC grew its holdings in shares of D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after acquiring an additional 1,511 shares during the period. Adirondack Trust Co. increased its position in D-Wave Quantum by 267.3% during the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company’s stock valued at $27,000 after acquiring an additional 1,200 shares during the last quarter. Finally, PeakShares LLC purchased a new stake in D-Wave Quantum during the first quarter valued at $29,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

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.