D-Wave Quantum (NASDAQ:QBTS) Shares Climb 7.4% – Should You Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price traded up 7.4% during trading on Monday. The stock traded as high as $11.79 and last traded at $11.47. Approximately 19,627,557 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 25,453,926 shares. The stock had previously closed at $10.68.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Strong results and raised 2026 revenue guidance from quantum peer IonQ helped lift sentiment across the sector, giving QBTS a potential tailwind. D-Wave’s own report is due Tuesday and will need to show progress to sustain investor enthusiasm. D-Wave and Rigetti Face High Stakes After Quantum Peers Raise the Earnings Bar
• Neutral Sentiment: B. Riley cut its price target to $22 from $27 but kept a Buy rating, indicating reduced expectations while maintaining a favorable view of potential upside. B. Riley rating information
• Negative Sentiment: Investors face a high bar for the upcoming earnings report: recent coverage highlights valuation concerns, cash-burn questions and a history of revenue misses. The results and outlook could determine whether the sector rally is supported by D-Wave’s own performance. D-Wave and Rigetti Are Down Big This Year
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought shares from February 26 through August 25, 2026. The suit alleges D-Wave failed to disclose material adverse information, including concerns about growth momentum, a revenue miss and the CFO’s departure; these are allegations, not proven findings. The lead-plaintiff deadline is December 15, 2026. QBTS Shareholder Alert

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group set a $40.00 price objective on D-Wave Quantum in a research report on Friday, August 7th. BMO Capital Markets began coverage on shares of D-Wave Quantum in a research report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 target price on the stock. Wedbush initiated coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target for the company. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.07.

D-Wave Quantum Price Performance

The company’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $18.91. The company has a market cap of $4.24 billion, a PE ratio of -16.15 and a beta of 2.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. 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 posted ($0.08) EPS. On average, sell-side analysts predict that D-Wave Quantum Inc. will post -0.50 earnings per share for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of D-Wave Quantum in the 2nd quarter valued at about $795,206,000. Bank of America Corp DE purchased a new stake in shares of D-Wave Quantum during the second quarter worth 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 raised its holdings 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 acquiring an additional 1,434,657 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake 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 worth $56,132,000 after acquiring an additional 806,835 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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.

Founded in 1999, D-Wave has long focused on bringing quantum computing into practical use.