D-Wave Quantum (NASDAQ:QBTS) Shares Climb 1.6% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price shot up 1.6% during mid-day trading on Wednesday. The company traded as high as $11.02 and last traded at $10.65. 14,596,715 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 25,410,697 shares. The stock had previously closed at $10.48.

Recent D-Wave Quantum Headlines

Here are a few of the latest headlines about QBTS:

• Positive Sentiment: Wedbush reiterated its “outperform” rating, citing bookings up 611%, stronger demand and an expected fourth-quarter delivery to a Florida university system. The report also points to a $40.7 million backlog as part of the potential recovery case. D-Wave gets Wedbush vote of confidence as bookings surge 611%
• Negative Sentiment: Multiple law firms publicized a securities class action concerning investors who bought shares during February–August 2026. The complaint alleges misleading statements; the claims have not been proven. The resulting legal overhang may unsettle investors, with lead-plaintiff deadlines in December. Faruqi & Faruqi investor deadline notice
• Negative Sentiment: Recent coverage says Wall Street analysts have cut QBTS price targets by as much as 55%, reflecting a more cautious outlook. Separately, the latest quarterly results missed the consensus EPS estimate, despite revenue coming in slightly above expectations—raising questions about execution and the path to profitability. Wall Street slashes D-Wave stock targets

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on QBTS shares. Rosenblatt Securities reduced their price target on shares of D-Wave Quantum from $43.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets assumed coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price objective for the company. Mizuho set a $23.00 price objective on shares of D-Wave Quantum in a report on Tuesday. Jefferies Financial Group set a $40.00 price objective on D-Wave Quantum in a research report on Friday, August 7th. Finally, Stifel Nicolaus decreased their target price 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. Fifteen 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

D-Wave Quantum Stock Performance

The stock’s 50 day moving average is $14.09 and its two-hundred day moving average is $18.61. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -21.96 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly 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 15.39% and a negative net margin of 1,188.79%. The business had revenue of $4.51 million for the quarter, compared to the consensus estimate of $4.37 million. During the same period last year, the firm earned ($0.41) earnings per share. Analysts expect that D-Wave Quantum Inc. will post -0.50 earnings per share for the current fiscal year.

Institutional Trading of D-Wave Quantum

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of D-Wave Quantum during the second quarter valued at about $795,206,000. Bank of America Corp DE bought a new position in shares of D-Wave Quantum during the 2nd quarter worth $104,183,000. Van ECK Associates Corp lifted its holdings in D-Wave Quantum by 52.6% during the second quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock valued at $56,132,000 after purchasing an additional 806,835 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of D-Wave Quantum in the second quarter worth about $54,951,000. Finally, Wellington Management Group LLP raised its stake in shares of D-Wave Quantum by 372.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock valued at $43,663,000 after purchasing an additional 1,434,657 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.