D-Wave Quantum (QBTS) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of D-Wave Quantum (NYSE: QBTS) in the last few weeks:

• 5/13/2026 – D-Wave Quantum had its price target lowered by Canaccord Genuity Group Inc. from $43.00 to $41.00. They now have a “buy” rating on the stock.
• 5/13/2026 – D-Wave Quantum had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $43.00 price target on the stock.
• 5/13/2026 – D-Wave Quantum had its “overweight” rating reaffirmed by Cantor Fitzgerald. They now have a $40.00 price target on the stock.
• 5/13/2026 – D-Wave Quantum had its “buy” rating reaffirmed by Needham & Company LLC. They now have a $40.00 price target on the stock.
• 5/13/2026 – D-Wave Quantum had its price target lowered by Mizuho from $31.00 to $29.00. They now have an “outperform” rating on the stock.
• 5/12/2026 – D-Wave Quantum had its “buy” rating reaffirmed by Jefferies Financial Group Inc..
• 4/29/2026 – D-Wave Quantum was downgraded by Weiss Ratings from “sell (d-)” to “sell (e+)”.
• 4/28/2026 – D-Wave Quantum was upgraded by Zacks Research from “strong sell” to “hold”.
• 4/20/2026 – D-Wave Quantum is now covered by Northland Securities. They set a “market perform” rating and a $22.00 price target on the stock.
• 3/27/2026 – D-Wave Quantum had its “sell (d-)” rating reaffirmed by Weiss Ratings.

Insider Activity at D-Wave Quantum

In related news, CFO John M. Markovich sold 10,706 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $17.63, for a total transaction of $188,746.78. Following the transaction, the chief financial officer owned 1,451,427 shares in the company, valued at $25,588,658.01. The trade was a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sophie C. Ames sold 23,025 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the transaction, the vice president owned 596,803 shares in the company, valued at $11,327,320.94. The trade was a 3.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 54,801 shares of company stock worth $1,011,586 over the last quarter. 3.20% of the stock is currently owned by insiders.

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.