D-Wave Quantum (NASDAQ:QBTS) Stock Jumps 2.8% – Still a Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price shot up 2.8% during mid-day trading on Tuesday. The stock traded as high as $10.51 and last traded at $10.37. 8,403,310 shares were traded 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.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: D-Wave says its upgraded Stride hybrid solver found better solutions in 15 seconds in benchmark testing, versus 120 seconds for the previous version. It also launched a three-course Applied Quantum Optimization learning path to help businesses adopt the technology—steps that could support commercial use. D-Wave Boosts Stride Hybrid Solver Performance, Launches Developer Training to Accelerate Quantum Optimization Adoption
• Negative Sentiment: Several law firms publicized a pending securities class action against D-Wave, alleging that the company made misleading statements about its growth prospects. The case covers investors who bought shares from February 26 through August 25, 2026; the lead-plaintiff deadline is December 15. The allegations have not been proven, but the litigation headlines may weigh on sentiment. D-Wave Class Action Alert
• Negative Sentiment: Recent coverage also points to a broader quantum-sector retreat: D-Wave fell sharply in October as investors reacted to sector weakness and dilution concerns after IonQ announced a large equity offering. That backdrop may add to selling pressure on QBTS. Why D-Wave Quantum Stock Led a Quantum Computing Crash in October

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 28th. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Benchmark started coverage on D-Wave Quantum in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research note on Friday, August 7th. Finally, BMO Capital Markets began coverage on D-Wave Quantum in a report on Thursday, August 20th. They set an “outperform” rating and a $35.00 target price on the stock. Thirteen investment 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, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

D-Wave Quantum Stock Down 12.8%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The firm’s fifty day moving average is $14.73 and its 200 day moving average is $18.99.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The firm’s revenue was down 0.6 compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) earnings per share. On average, research analysts forecast that D-Wave Quantum Inc. will post -0.50 EPS for the current year.

Hedge Funds Weigh In On D-Wave Quantum

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in D-Wave Quantum during the 2nd quarter worth approximately $795,206,000. Bank of America Corp DE bought a new position in D-Wave Quantum in the 2nd quarter valued at approximately $104,183,000. Bank of New York Mellon Corp acquired a new stake in D-Wave Quantum in the second quarter valued at approximately $54,951,000. Wellington Management Group LLP boosted its position in D-Wave Quantum by 372.2% in the second quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock valued at $43,663,000 after buying an additional 1,434,657 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in D-Wave Quantum by 52.6% in the second 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 in the last quarter. Institutional investors own 42.47% of the company’s stock.

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.