D-Wave Quantum (NASDAQ:QBTS) Stock Price Target Lowered at Needham & Company LLC

D-Wave Quantum (NASDAQ:QBTS) had its target price decreased by Needham & Company LLC from $40.00 to $20.00 in a research report released on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

QBTS has been the subject of a number of other research reports. Wedbush started coverage on shares of D-Wave Quantum in a report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target for the company. Stifel Nicolaus decreased their price objective on shares of D-Wave Quantum from $35.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Mizuho set a $23.00 price objective on shares of D-Wave Quantum in a research report on Tuesday. Finally, Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. Fourteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.71.

D-Wave Quantum Stock Performance

NASDAQ:QBTS opened at $10.65 on Wednesday. The stock has a fifty day moving average price of $14.22 and a 200-day moving average price of $18.68. The company has a market cap of $3.94 billion, a price-to-earnings ratio of -24.77 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 has a fifty-two week low of $8.48 and a fifty-two week high of $32.39.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings results 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 company had revenue of $4.51 million during the quarter, compared to the consensus estimate of $4.37 million. During the same quarter in the previous year, the business posted ($0.41) EPS. As a group, equities analysts anticipate that D-Wave Quantum will post -0.50 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QBTS. BlackRock Inc. acquired a new position in D-Wave Quantum during the 2nd quarter worth approximately $795,206,000. Bank of America Corp DE acquired a new position in shares of D-Wave Quantum during the second quarter worth $104,183,000. Van ECK Associates Corp increased its holdings in shares of D-Wave Quantum by 52.6% during the second quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock worth $56,132,000 after buying an additional 806,835 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of D-Wave Quantum in the 2nd quarter valued at $54,951,000. Finally, Wellington Management Group LLP lifted its stake in shares of D-Wave Quantum by 372.2% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum News Summary

Here’s some of the latest news about QBTS:

• Positive Sentiment: Analysts maintained Buy ratings despite lowering price targets. Canaccord, Needham, Stifel, and Rosenblatt cut their targets, but continued to rate QBTS Buy—providing a more constructive counterpoint to recent earnings concerns. Canaccord analyst update
• Negative Sentiment: Quarterly results raised concerns about profitability and near-term demand. Q3 revenue grew 21% to $4.51 million and beat estimates, but the loss per share was worse than expected. Quarterly bookings fell about 19% year over year to $1.9 million, while operating expenses and cash burn remain investor concerns. D-Wave Q3 results and cash-burn analysis
• 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

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.