D-Wave Quantum (NASDAQ:QBTS) Shares Up 2.8% – Should You Buy?

Posted by Brenda Bartman on Nov 3rd, 2026

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report) rose 2.8% during trading on Tuesday. The stock traded as high as $10.51 and last traded at $10.37. Approximately 8,403,310 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 25,532,117 shares. The stock had previously closed at $10.09.

Key Headlines Impacting D-Wave Quantum

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

Positive Sentiment: D-Wave’s bookings reportedly surged 1,120%, with a $40.7 million backlog and a growing cloud business offering potential for future revenue growth. That opportunity depends on the company converting orders into sales and keeping system shipments on schedule. D-Wave’s Bookings Soared 1,120%, but Revenue Stalled. What Now?
Neutral Sentiment: B. Riley lowered its price target to $27 from $40 but maintained a Buy rating. The reduced target reflects a less optimistic outlook, while the firm’s rating and target still indicate substantial potential upside from the share price cited in the coverage. B. Riley Cut Its D-Wave Target to $27. It’s Still 168% Above the Stock Price
Negative Sentiment: Multiple law firms publicized a securities class action covering investors who bought QBTS shares from February 26 through August 25, 2026. The complaint alleges D-Wave misrepresented or failed to disclose material information, including about growth prospects and operations; these are allegations, not established findings. Investors have until December 15, 2026, to seek lead-plaintiff status. Class Action Deadline Alert
Negative Sentiment: Coverage also highlights the gap between bookings and reported revenue, and one article argues the stock may not appreciate through 2030 given quantum computing’s early stage. Those concerns weigh on the long-term growth case. Prediction: This Will Be D-Wave Quantum’s Stock Price by the End of 2030

Analyst Ratings Changes

A number of brokerages have recently issued reports on QBTS. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a research note on Friday, August 7th. Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a report on Thursday, August 6th. Benchmark started coverage on D-Wave Quantum in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 target price on the stock. Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. Finally, Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Thirteen 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

View Our Latest Research Report on QBTS

D-Wave Quantum Stock Performance

The stock’s 50-day moving average price is $15.24 and its 200-day moving average price is $19.28. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of -14.61 and a beta of 2.18. 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 (NASDAQ:QBTS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The firm had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The business’s revenue was down 0.6 on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, equities research analysts expect that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of D-Wave Quantum during the 2nd quarter worth about $795,206,000. Bank of America Corp DE acquired a new stake in shares of D-Wave Quantum during the 2nd quarter worth $104,183,000. Van ECK Associates Corp raised its position in shares of D-Wave Quantum by 52.6% in the 2nd 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 during the period. Bank of New York Mellon Corp acquired a new position in D-Wave Quantum in the second quarter valued at $54,951,000. Finally, Wellington Management Group LLP boosted its holdings in D-Wave Quantum by 372.2% in the second 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.

About D-Wave Quantum

(Get Free Report)

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.