D-Wave Quantum Inc. (NYSE:QBTS) Receives $36.50 Consensus Target Price from Analysts

D-Wave Quantum Inc. (NYSE:QBTS) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $36.50.

QBTS has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a report on Friday, March 27th. Canaccord Genuity Group set a $43.00 price objective on shares of D-Wave Quantum in a report on Thursday, January 29th. Wall Street Zen lowered shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Zacks Research lowered shares of D-Wave Quantum from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Wedbush assumed coverage on shares of D-Wave Quantum in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 target price on the stock.

D-Wave Quantum Stock Up 22.5%

QBTS opened at $20.78 on Friday. The firm’s 50-day simple moving average is $17.33 and its 200-day simple moving average is $24.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38. D-Wave Quantum has a twelve month low of $5.97 and a twelve month high of $46.75. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of -18.89 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The company had revenue of $2.75 million for the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum’s quarterly revenue was up 21.7% on a year-over-year basis. Equities research analysts anticipate that D-Wave Quantum will post -0.41 EPS for the current fiscal year.

Key D-Wave Quantum News

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

• Positive Sentiment: Sector tailwinds: Nvidia’s release of open‑source quantum AI models lifted sentiment for quantum names, creating a favorable backdrop for QBTS. Quantum stocks surge as Nvidia launches new AI models
• Positive Sentiment: IonQ and peers rallying: Strong moves in IonQ and other pure‑play quantum stocks helped lift D‑Wave as the sector staged back‑to‑back rallies. IonQ Surges 10%, D-Wave Jumps 9%
• Positive Sentiment: Company fundamentals/playlist: Investors are refocusing on D‑Wave’s recent operational momentum — strong 2025 revenue growth, accelerating bookings and the Quantum Circuits acquisition that supports a dual‑platform strategy. That narrative has been credited for recent sharp rallies. D-Wave Quantum jumps 15.9% as investors refocus on recent bookings
• Positive Sentiment: Event-driven lift: Short‑term bullish momentum was also tied to CEO summit anticipation and product/roadmap events that can generate headlines and flows. D-Wave Quantum (QBTS) Surges Nearly 13% on CEO Summit Anticipation
• Positive Sentiment: Options flow: Unusual activity — ~109,771 calls bought (roughly +94% vs. average) — suggests speculative bullish positioning that can amplify upward moves.
• Neutral Sentiment: Analyst and media attention: Recent analyst coverage and favorable price targets (median in many summaries near $40) add visibility but don’t guarantee sustained gains. QBTS Builds Early 2026 Momentum on Bookings, Deals and Acquisition
• Neutral Sentiment: High volume/volatility: Trading has been much heavier than average, so intraday moves may be amplified by momentum flows and options hedging rather than only fundamentals.
• Negative Sentiment: Insider selling: Significant insider sales have been reported (multiple executives sold stock), which some investors view as a caution on timing/valuation. Insider trading and institutional moves summarized
• Negative Sentiment: Valuation and skepticism: Critical pieces warn that D‑Wave still trades at high multiples for a company with modest revenue to date, leaving the stock vulnerable if execution or bookings disappoint. D-Wave Quantum: Extreme Valuation Meets Execution Reality

Insider Activity

In other news, CFO John M. Markovich sold 10,706 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $17.63, for a total value of $188,746.78. Following the transaction, the chief financial officer owned 1,451,427 shares of the company’s stock, valued at approximately $25,588,658.01. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the completion of the transaction, the director directly owned 27,778 shares in the company, valued at $489,448.36. This trade represents a 26.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 28,706 shares of company stock valued at $509,027. 3.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its position in shares of D-Wave Quantum by 125.7% in the 2nd quarter. Osaic Holdings Inc. now owns 247,004 shares of the company’s stock valued at $3,616,000 after acquiring an additional 137,549 shares during the period. UNICOM Systems Inc. raised its position in shares of D-Wave Quantum by 12.1% in the 3rd quarter. UNICOM Systems Inc. now owns 3,121,346 shares of the company’s stock valued at $77,128,000 after acquiring an additional 337,838 shares during the period. Csenge Advisory Group raised its position in shares of D-Wave Quantum by 99.1% in the 3rd quarter. Csenge Advisory Group now owns 35,886 shares of the company’s stock valued at $887,000 after acquiring an additional 17,860 shares during the period. Mutual Advisors LLC acquired a new stake in shares of D-Wave Quantum in the 3rd quarter valued at approximately $1,069,000. Finally, Federated Hermes Inc. raised its position in shares of D-Wave Quantum by 259,560.6% in the 3rd quarter. Federated Hermes Inc. now owns 184,359 shares of the company’s stock valued at $4,556,000 after acquiring an additional 184,288 shares during the period. Institutional investors own 42.47% of the company’s stock.

About D-Wave Quantum

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.