D-Wave Quantum (NYSE:QBTS) Stock Price Up 7.6% – Should You Buy?

Posted by Brian Himes on Jun 18th, 2026

D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report)’s share price was up 7.6% during mid-day trading on Thursday . The stock traded as high as $24.71 and last traded at $24.6530. Approximately 30,852,368 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 32,335,277 shares. The stock had previously closed at $22.92.

Key Headlines Impacting D-Wave Quantum

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

Positive Sentiment: D-Wave announced a forthcoming gate-model quantum computing simulator designed for error-aware programming, reinforcing its technology lead and supporting the commercial growth story. Article Title
Positive Sentiment: Reports that D-Wave secured up to $100 million in CHIPS Act-related backing and laid out a 100 logical qubit roadmap by 2032 suggest meaningful federal support for its R&D and long-term platform expansion. Article Title
Positive Sentiment: Market commentary says the new simulator and roadmap could help D-Wave sharpen its commercialization push and improve investor confidence in the company’s quantum strategy. Article Title
Neutral Sentiment: Analyst and media coverage comparing QBTS to a “NVIDIA of quantum computing” highlights upside potential, but also underscores that the stock’s valuation is already pricing in strong future execution. Article Title
Neutral Sentiment: Some analysis continues to question how D-Wave stacks up against larger quantum rivals, keeping attention on competitive positioning rather than immediate financial results. Article Title
Negative Sentiment: Recent insider sales by CFO John M. Markovich and Director Rohit Ghai may weigh on sentiment, even though both were described as tax-related or part of a 10b5-1 plan. Article Title

Analysts Set New Price Targets

A number of research firms have weighed in on QBTS. Stifel Nicolaus set a $35.00 target price on D-Wave Quantum in a research report on Tuesday, June 2nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Rosenblatt Securities restated a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Thursday, June 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. Fourteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.

Read Our Latest Analysis on D-Wave Quantum

D-Wave Quantum Stock Up 7.6%

The stock has a market capitalization of $9.12 billion, a P/E ratio of -21.82 and a beta of 2.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The stock’s fifty day moving average is $22.31 and its two-hundred day moving average is $22.31.

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

Insider Activity at D-Wave Quantum

In other news, Director John D. Dilullo sold 7,850 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the completion of the sale, the director directly owned 21,310 shares of the company’s stock, valued at $520,603.30. This represents a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 stock in a transaction on Monday, June 8th. The shares were sold at an average price of $26.13, for a total value of $17,967,693.51. Following the completion of the transaction, the chief executive officer owned 3,299,771 shares of the company’s stock, valued at $86,223,016.23. This trade represents a 17.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,363,842 shares of company stock valued at $35,802,656 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Several hedge funds have recently made changes to their positions in the company. Huntington National Bank raised its stake in D-Wave Quantum by 17.9% during the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock valued at $82,000 after purchasing an additional 500 shares during the period. Sigma Planning Corp boosted its position in shares of D-Wave Quantum by 3.6% in the fourth quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after buying an additional 560 shares during the period. AlphaStar Capital Management LLC grew its holdings in shares of D-Wave Quantum by 2.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock valued at $708,000 after buying an additional 592 shares in the last quarter. Noble Wealth Management PBC raised its position in D-Wave Quantum by 6.7% during the fourth quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock valued at $251,000 after buying an additional 600 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in D-Wave Quantum by 0.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock valued at $3,447,000 after buying an additional 602 shares during the period. Hedge funds and other institutional investors own 42.47% of the company’s stock.

About D-Wave Quantum

(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.