D-Wave Quantum (NASDAQ:QBTS) Price Target Cut to $30.00 by Analysts at Rosenblatt Securities

D-Wave Quantum (NASDAQ:QBTS) had its price objective lowered by investment analysts at Rosenblatt Securities from $43.00 to $30.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities‘s price objective indicates a potential upside of 186.26% from the company’s current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group set a $35.00 target price on D-Wave Quantum in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Wedbush assumed coverage on shares of D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target on the stock. Mizuho set a $23.00 price objective on shares of D-Wave Quantum in a research report on Tuesday. Finally, Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Fourteen 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.com, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

D-Wave Quantum Stock Performance

Shares of QBTS stock opened at $10.48 on Wednesday. The company’s fifty day simple moving average is $14.34 and its two-hundred day simple moving average is $18.76. D-Wave Quantum has a 52 week low of $8.48 and a 52 week high of $32.39. 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 (NASDAQ:QBTS) last issued its earnings results 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). The firm had revenue of $4.51 million during the quarter, compared to the consensus estimate of $4.37 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. During the same period last year, the firm posted ($0.41) earnings per share. As a group, research analysts predict that D-Wave Quantum will post -0.50 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Burr Financial Services LLC bought a new position in shares of D-Wave Quantum during the 3rd quarter worth $6,343,000. Allspring Global Investments Holdings LLC raised its holdings in shares of D-Wave Quantum by 319.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock valued at $1,353,000 after acquiring an additional 75,198 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of D-Wave Quantum by 64.7% in the first quarter. The Manufacturers Life Insurance Company now owns 183,481 shares of the company’s stock valued at $2,648,000 after acquiring an additional 72,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of D-Wave Quantum by 289.4% in the first quarter. Dimensional Fund Advisors LP now owns 143,064 shares of the company’s stock valued at $2,064,000 after acquiring an additional 106,324 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in D-Wave Quantum in the second quarter worth about $1,945,000. Institutional investors own 42.47% of the company’s stock.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: Revenue increased 21% year over year to $4.51 million, topping estimates. Nine-month bookings rose 611% to $37.4 million, while remaining performance obligations reached $38.3 million. D-Wave also reported $503.4 million in cash and investments and an agreement for access to up to $100 million in conditional CHIPS Act funding. D-Wave Reports Third Quarter 2026 Results
• Negative Sentiment: The company reported a quarterly loss of $0.13 per share, wider than the roughly $0.10 loss analysts expected, and a $48.2 million net loss. Operating expenses were $55.9 million, intensifying investor concern about cash burn despite the revenue beat. D Wave Quantum Stock Sinks As Q3 Results Expose Cash Burn
• Negative Sentiment: Third-quarter bookings fell about 19% year over year to $1.9 million, and reports noted weaker system sales. The nine-month bookings surge may not signal broad, steady demand: coverage says it was heavily influenced by a large university system sale, raising questions about the repeatability of growth. D-Wave Sinks as Q3 Loss Misses and Quarterly Bookings Fall
• Negative Sentiment: B. Riley cut its price target from $27 to $22, though it maintained a Buy rating. Separately, a securities class action has been filed alleging misstatements; the allegations are not proven, but the litigation adds uncertainty. B. Riley Financial Issues Pessimistic Forecast for D-Wave Quantum Class action announcement

D-Wave Quantum Company Profile

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.