D-Wave Quantum (NASDAQ:QBTS) Shares Up 2.8% – Should You Buy?

by · The Markets Daily

D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report) shot up 2.8% during trading on Tuesday. The stock traded as high as $10.51 and last traded at $10.37. 8,403,310 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 25,532,117 shares. The stock had previously closed at $10.09.

D-Wave Quantum News Summary

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

  • Positive Sentiment: D-Wave’s bookings reportedly surged 1,120%, with a $40.7 million backlog and a growing cloud business offering potential for future revenue growth. That opportunity depends on the company converting orders into sales and keeping system shipments on schedule. D-Wave’s Bookings Soared 1,120%, but Revenue Stalled. What Now?
  • Neutral Sentiment: B. Riley lowered its price target to $27 from $40 but maintained a Buy rating. The reduced target reflects a less optimistic outlook, while the firm’s rating and target still indicate substantial potential upside from the share price cited in the coverage. B. Riley Cut Its D-Wave Target to $27. It’s Still 168% Above the Stock Price
  • Negative Sentiment: Multiple law firms publicized a securities class action covering investors who bought QBTS shares from February 26 through August 25, 2026. The complaint alleges D-Wave misrepresented or failed to disclose material information, including about growth prospects and operations; these are allegations, not established findings. Investors have until December 15, 2026, to seek lead-plaintiff status. Class Action Deadline Alert
  • Negative Sentiment: Coverage also highlights the gap between bookings and reported revenue, and one article argues the stock may not appreciate through 2030 given quantum computing’s early stage. Those concerns weigh on the long-term growth case. Prediction: This Will Be D-Wave Quantum’s Stock Price by the End of 2030

Analysts Set New Price Targets

QBTS has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They set an “outperform” rating and a $35.00 price objective for the company. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Benchmark started coverage on shares of D-Wave Quantum in a report on Monday, July 27th. They set a “buy” rating and a $30.00 target price on the stock. Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Wedbush initiated coverage on D-Wave Quantum in a report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Get Our Latest Report on QBTS

D-Wave Quantum Stock Up 2.8%

The firm’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $19.28. The firm has a market capitalization of $3.84 billion, a PE ratio of -14.61 and a beta of 2.18. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). 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 $3.08 million for the quarter, compared to analysts’ expectations of $4.03 million. During the same period last year, the firm earned ($0.08) EPS. 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 fiscal year.

Institutional Trading of D-Wave Quantum

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

About D-Wave Quantum

(Get Free Report)

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.

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