D-Wave Quantum (NASDAQ:QBTS) Given New $23.00 Price Target at Stifel Nicolaus

D-Wave Quantum (NASDAQ:QBTS) had its target price cut by Stifel Nicolaus from $35.00 to $23.00 in a research report report published on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the company. Roth Capital reaffirmed a “buy” rating and issued a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. BMO Capital Markets started coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price target for the company. B. Riley Financial decreased their price target on D-Wave Quantum from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Monday. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Rosenblatt Securities lowered their price target on D-Wave Quantum from $43.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $30.71.

D-Wave Quantum Stock Up 1.6%

Shares of QBTS stock opened at $10.65 on Wednesday. The firm’s fifty day moving average price is $14.22 and its two-hundred day moving average price is $18.68. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. D-Wave Quantum has a 1 year low of $8.48 and a 1 year high of $32.39. The firm has a market capitalization of $3.94 billion, a P/E ratio of -24.77 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) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $4.37 million. During the same quarter in the prior year, the company earned ($0.41) earnings per share. On average, equities analysts predict that D-Wave Quantum will post -0.50 EPS for the current fiscal year.

Hedge Funds Weigh In On D-Wave Quantum

A number of institutional investors have recently bought and sold shares of QBTS. BlackRock Inc. bought a new stake in D-Wave Quantum in the second quarter valued at approximately $795,206,000. Bank of America Corp DE acquired a new stake in D-Wave Quantum during the 2nd quarter valued at $104,183,000. Van ECK Associates Corp increased its holdings in shares of 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 purchasing an additional 806,835 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of D-Wave Quantum in the second quarter valued at $54,951,000. Finally, Wellington Management Group LLP raised its position in shares of 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 purchasing an additional 1,434,657 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

Key Headlines Impacting D-Wave Quantum

Investors following QBTS have been watching these headlines:

• Positive Sentiment: Commercial pipeline and technology roadmap offer potential catalysts. D-Wave highlighted a strong system-sales pipeline, a planned fourth-quarter delivery, and progress across 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: Conditional federal funding and a sizable cash balance support execution. The company reported $503.4 million in cash and marketable securities and an agreement for access to up to $100 million in CHIPS Act funding, subject to milestones and other conditions. D-Wave funding and bookings report
• Negative Sentiment: Class-action litigation remains an overhang. Multiple law firms publicized a pending securities class action alleging misleading statements about the company’s prospects; investors have until December 15, 2026, to seek lead-plaintiff status. The allegations have not been established in court. Class-action deadline notice

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.