D-Wave Quantum (NASDAQ:QBTS) Shares Climb 7.4% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price was up 7.4% during trading on Monday. The stock traded as high as $11.79 and last traded at $11.47. Approximately 19,627,557 shares were traded during mid-day trading, a decline of 23% from the average session volume of 25,453,926 shares. The stock had previously closed at $10.68.

Key Headlines Impacting D-Wave Quantum

Here are a few of the latest headlines about QBTS:

• Positive Sentiment: On its Q3 earnings call, D-Wave highlighted a growing system-sales pipeline, a planned fourth-quarter delivery, and milestones for its annealing and gate-model platforms. Nine-month bookings rose 611% year over year to $37.4 million, and remaining performance obligations reached $38.3 million. Article: QBTS Q3 Earnings Call Highlights System Sales and Quantum Roadmap
• Neutral Sentiment: Canaccord, Needham, Stifel, and Rosenblatt lowered their QBTS price targets, while maintaining Buy ratings. The cuts reflect more cautious expectations, though the continued ratings suggest analysts see potential upside. Analyst recommendations
• Negative Sentiment: A securities class action has been filed over alleged misstatements or omissions about D-Wave’s business and financial prospects. Multiple law firms are publicizing the case and the December 15, 2026 lead-plaintiff deadline, adding legal and reputational uncertainty. Article: Securities class action deadline notice

Wall Street Analyst Weigh In

A number of research firms have weighed in on QBTS. Mizuho set a $23.00 price objective on shares of D-Wave Quantum in a report on Tuesday. Zacks Research cut D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Needham & Company LLC cut their price target on D-Wave Quantum from $40.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday. Roth Capital reaffirmed a “buy” rating and issued a $30.00 price target on shares of D-Wave Quantum in a report on Thursday, August 6th. Finally, BMO Capital Markets began coverage on D-Wave Quantum in a report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price objective on the stock. Fourteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.

D-Wave Quantum Stock Up 1.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The business’s 50 day moving average price is $14.34 and its 200 day moving average price is $18.76. The firm has a market cap of $3.94 billion, a PE ratio of -15.00 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings data on Tuesday, November 10th. The company reported ($0.13) earnings per share (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 firm had revenue of $4.51 million during the quarter, compared to analyst estimates of $4.37 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. On average, equities research analysts expect that D-Wave Quantum Inc. will post -0.50 earnings per share for the current year.

Institutional Investors Weigh In On D-Wave Quantum

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its position in shares of D-Wave Quantum by 39.7% in the third quarter. Private Advisor Group LLC now owns 67,706 shares of the company’s stock valued at $1,122,000 after buying an additional 19,252 shares during the last quarter. Voya Investment Management LLC boosted its position in D-Wave Quantum by 7.0% during the third quarter. Voya Investment Management LLC now owns 1,161,501 shares of the company’s stock worth $19,246,000 after acquiring an additional 76,350 shares during the last quarter. Bogart Wealth LLC boosted its position in D-Wave Quantum by 36.5% during the third quarter. Bogart Wealth LLC now owns 4,065 shares of the company’s stock worth $67,000 after acquiring an additional 1,086 shares during the last quarter. Cibc World Market Inc. grew its stake in D-Wave Quantum by 28.5% during the 3rd quarter. Cibc World Market Inc. now owns 78,228 shares of the company’s stock valued at $1,296,000 after acquiring an additional 17,339 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in D-Wave Quantum in the 3rd quarter valued at about $340,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

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.