D-Wave Quantum (NYSE:QBTS) Earns Outperform Rating from Wedbush

Posted by Francis Steltz on Aug 3rd, 2026

D-Wave Quantum (NYSE:QBTS – Get Free Report)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research report issued on Monday,Benzinga reports. They presently have a $40.00 target price on the stock. Wedbush’s price target suggests a potential upside of 106.23% from the stock’s previous close.

QBTS has been the topic of a number of other research reports. Northland Securities initiated coverage on D-Wave Quantum in a research report on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective on the stock. Stifel Nicolaus set a $35.00 target price on D-Wave Quantum in a research note on Tuesday, June 2nd. Roth Capital upped their price target on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Canaccord Genuity Group cut their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

Check Out Our Latest Report on QBTS

D-Wave Quantum Price Performance

Shares of QBTS opened at $19.40 on Monday. D-Wave Quantum has a fifty-two week low of $12.75 and a fifty-two week high of $46.75. The firm’s 50 day moving average price is $22.55 and its 200 day moving average price is $20.83. The company has a market cap of $7.17 billion, a P/E ratio of -16.98 and a beta of 2.11. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (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 for the quarter, compared to analyst estimates of $4.19 million. During the same period in the prior year, the business earned ($0.02) EPS. The firm’s quarterly revenue was down 80.9% on a year-over-year basis. On average, research analysts forecast that D-Wave Quantum will post -0.42 earnings per share for the current fiscal year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 13,518 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the sale, the director directly owned 23,617 shares in the company, valued at $623,724.97. This trade represents a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Sophie C. Ames sold 23,025 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total value of $437,014.50. Following the sale, the vice president directly owned 596,803 shares in the company, valued at $11,327,320.94. This trade represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,363,842 shares of company stock valued at $35,789,148 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Trading of D-Wave Quantum

A number of large investors have recently bought and sold shares of the business. Handelsbanken Fonder AB boosted its stake in shares of D-Wave Quantum by 23.6% during the second quarter. Handelsbanken Fonder AB now owns 133,200 shares of the company’s stock worth $3,195,000 after buying an additional 25,400 shares during the period. Bay Rivers Group increased its position in D-Wave Quantum by 62.2% in the 2nd quarter. Bay Rivers Group now owns 17,357 shares of the company’s stock valued at $416,000 after acquiring an additional 6,657 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in D-Wave Quantum by 428.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,850 shares of the company’s stock valued at $44,000 after acquiring an additional 1,500 shares during the period. Castle Rock Wealth Management LLC purchased a new stake in D-Wave Quantum during the 2nd quarter valued at approximately $213,000. Finally, Evanson Financial LLC purchased a new stake in D-Wave Quantum during the 2nd quarter valued at approximately $214,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

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.