D-Wave Quantum’s (QBTS) Buy Rating Reaffirmed at Rosenblatt Securities

Posted by Geri Gentry on Jun 11th, 2026

D-Wave Quantum (NYSE:QBTS – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They currently have a $43.00 price target on the stock. Rosenblatt Securities’ target price points to a potential upside of 81.10% from the company’s previous close.

QBTS has been the topic of a number of other reports. Canaccord Genuity Group lowered their price target on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. Stifel Nicolaus set a $35.00 price target on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Finally, Northland Securities started coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.40.

View Our Latest Stock Analysis on QBTS

D-Wave Quantum Stock Performance

D-Wave Quantum stock traded up $0.49 during trading hours on Thursday, reaching $23.74. 8,377,969 shares of the stock were exchanged, compared to its average volume of 32,183,602. The stock has a market cap of $8.78 billion, a P/E ratio of -20.96 and a beta of 2.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. D-Wave Quantum has a 52-week low of $12.75 and a 52-week high of $46.75. The firm’s 50 day moving average is $21.32 and its 200 day moving average is $22.24.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The company had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. D-Wave Quantum’s quarterly revenue was down 80.9% on a year-over-year basis. Analysts predict that D-Wave Quantum will post -0.43 EPS for the current fiscal year.

Insider Activity

In related news, Director John D. Dilullo sold 7,850 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the transaction, the director owned 21,310 shares in the company, valued at approximately $520,603.30. This trade represents a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Alan E. Baratz sold 687,627 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the completion of the transaction, the chief executive officer owned 3,299,771 shares in the company, valued at $86,223,016.23. The trade was a 17.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,124,987 shares of company stock valued at $29,563,100 in the last ninety days. 1.30% of the stock is owned by company insiders.

Institutional Trading of D-Wave Quantum

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC increased its stake in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after buying an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of D-Wave Quantum during the fourth quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of D-Wave Quantum during the fourth quarter valued at about $31,000. Finally, Ancora Advisors LLC bought a new stake in D-Wave Quantum in the third quarter worth about $30,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.

Key D-Wave Quantum News

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

Positive Sentiment: B. Riley remained bullish on D-Wave Quantum, raising its price target to $40 from $36 and keeping a Buy rating, which supports the view that Wall Street still sees upside in QBTS. B. Riley is Bullish on D-Wave Quantum Inc. (QBTS)
Positive Sentiment: Recent commentary highlighted D-Wave’s role in broader quantum-computing momentum, including federal funding interest and renewed investor focus on the sector’s commercial potential. Is D-Wave Quantum’s (QBTS) CHIPS Funding And Board Shift Reframing Its Commercial Quantum Strategy?
Neutral Sentiment: Industry articles argue quantum computing is becoming more investable as the thesis shifts from hype toward commercialization, but the benefit to QBTS depends on execution. Quantum Computing Investing Gets an Important Refresh
Negative Sentiment: CEO Alan Baratz sold 687,627 shares, a sizable insider sale that may be viewed as a lack of near-term conviction by some investors. Alan Baratz Sells 687,627 Shares of D-Wave Quantum (NYSE:QBTS) Stock
Negative Sentiment: CFO John Markovich also disclosed stock sales, adding to concerns that management is trimming exposure after the recent run-up. John Markovich Sells 50,979 Shares of D-Wave Quantum (NYSE:QBTS) Stock
Negative Sentiment: Several market commentaries warn that QBTS may be overextended after a major rally, with valuation looking stretched versus current fundamentals and recent buyers facing downside risk if growth slows. D-Wave Quantum Plummeted Today — Is the Stock a Buy Right Now?
Negative Sentiment: Competition from larger tech players in quantum computing is also pressuring sentiment, since it could make it harder for pure-play names like D-Wave to justify premium valuations. The Case for Intel Over Pure-Play Quantum Firms

D-Wave Quantum Company Profile

(Get Free Report)

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.