D-Wave Quantum (NASDAQ:QBTS) Given New $27.00 Price Target at B. Riley Financial

Posted by Brian Himes on Nov 2nd, 2026

D-Wave Quantum (NASDAQ:QBTS – Get Free Report) had its target price decreased by stock analysts at B. Riley Financial from $40.00 to $27.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. B. Riley Financial‘s target price indicates a potential upside of 155.56% from the stock’s previous close.

QBTS has been the topic of several other reports. Wedbush assumed coverage on shares of D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target on the stock. Roth Capital reaffirmed a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a research note on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. Jefferies Financial Group set a $40.00 target price on shares of D-Wave Quantum in a research report on Friday, August 7th. Finally, Canaccord Genuity Group set a $35.00 price target on shares of D-Wave Quantum in a research note on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.40.

Get Our Latest Stock Analysis on D-Wave Quantum

D-Wave Quantum Price Performance

Shares of NASDAQ QBTS traded down $0.09 during trading hours on Monday, reaching $10.56. 3,919,461 shares of the stock traded hands, compared to its average volume of 25,584,551. The company has a market capitalization of $3.91 billion, a P/E ratio of -14.99 and a beta of 2.35. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. D-Wave Quantum has a 52-week low of $10.23 and a 52-week high of $37.62. The company’s 50-day simple moving average is $15.45 and its two-hundred day simple moving average is $19.38.

D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last released its 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 the consensus estimate 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 quarterly revenue was down 0.6 compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. Equities research analysts forecast that D-Wave Quantum will post -0.46 EPS for the current year.

Institutional Trading of D-Wave Quantum

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fiduciary Financial Advisors bought a new position in shares of D-Wave Quantum in the 2nd quarter worth approximately $25,000. Ancora Advisors LLC bought a new position in D-Wave Quantum in the second quarter worth $39,000. Kelleher Financial Advisors bought a new position in D-Wave Quantum in the second quarter worth $39,000. Adirondack Trust Co. lifted its position in D-Wave Quantum by 267.3% during the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company’s stock valued at $27,000 after buying an additional 1,200 shares during the period. Finally, Parallel Advisors LLC lifted its position in D-Wave Quantum by 545.5% during the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock valued at $26,000 after buying an additional 1,511 shares during the period. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

About D-Wave Quantum

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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.