D-Wave Quantum (NASDAQ:QBTS) Stock Gets Price Target Reduction from B. Riley Financial

Key Points

• B. Riley cut its D-Wave Quantum price target to $22 from $27 but maintained a Buy rating, implying roughly 98.5% upside from the cited share price of $11.08.
• Analyst sentiment overall remains positive: MarketBeat reports a Moderate Buy consensus and an average price target of $35.07 from 16 analysts.
• D-Wave’s latest quarterly results missed estimates, with a loss of $0.10 per share versus expectations of $0.08 and revenue of $3.08 million versus $4.03 million expected.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) had its price objective dropped by investment analysts at B. Riley Financial from $27.00 to $22.00 in a report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley Financial's target price suggests a potential upside of 98.52% from the company's current price.

Several other research firms also recently commented on QBTS. Zacks Research downgraded D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. Canaccord Genuity Group set a $35.00 target price on D-Wave Quantum in a research report on Thursday, August 6th. Wall Street Zen upgraded D-Wave Quantum from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Jefferies Financial Group set a $40.00 price target on shares of D-Wave Quantum in a research report on Friday, August 7th. Finally, Benchmark began coverage on shares of D-Wave Quantum in a research note on Monday, July 27th. They set a "buy" rating and a $30.00 price target for the company. Thirteen 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.07.

D-Wave Quantum Stock Up 3.8%

Shares of QBTS traded up $0.40 during trading hours on Monday, hitting $11.08. The stock had a trading volume of 2,959,093 shares, compared to its average volume of 25,366,051. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The firm has a 50 day simple moving average of $14.58 and a 200-day simple moving average of $18.91. The firm has a market capitalization of $4.10 billion, a P/E ratio of -15.51 and a beta of 2.35. D-Wave Quantum has a 1-year low of $8.48 and a 1-year high of $32.39.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) EPS 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 net margin of 2,001.59% and a negative return on equity of 26.67%. The business's quarterly revenue was down 0.6 on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. Sell-side analysts predict that D-Wave Quantum will post -0.50 EPS for the current fiscal year.

Institutional Trading of D-Wave Quantum

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of D-Wave Quantum during the 2nd quarter worth approximately $795,206,000. Bank of America Corp DE bought a new stake in shares of D-Wave Quantum in the 2nd quarter worth approximately $104,183,000. Van ECK Associates Corp lifted its stake in D-Wave Quantum by 52.6% in the second quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company's stock valued at $56,132,000 after purchasing an additional 806,835 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in D-Wave Quantum in the second quarter valued at approximately $54,951,000. Finally, Wellington Management Group LLP lifted its stake 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 purchasing an additional 1,434,657 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: QBTS rose 18% Friday after rival IonQ raised its 2026 revenue guidance following strong results. The move suggests optimism may be spreading across quantum-computing stocks, though it was not prompted by D-Wave news. Article: D-Wave Rallied 18% on IonQ’s Guidance
• Neutral Sentiment: D-Wave is scheduled to report third-quarter results before Tuesday’s market open. The report is a key test for the rally: investors will look for revenue progress and information on cash burn. Coverage also points to a history of revenue misses, making execution important. Article: D-Wave and Rigetti’s Q3 Reports Must Answer the Cash Burn Question
• Negative Sentiment: A securities class action has been filed covering investors who bought D-Wave shares from February 26 through August 25, 2026. The lawsuit alleges material misstatements or omissions about the company’s financial and operational prospects; the allegations have not been proven. The litigation adds uncertainty and reputational risk. Article: QBTS Investors Have Opportunity to Lead D-Wave Securities Fraud Lawsuit

D-Wave Quantum Company Profile

D-Wave Quantum develops quantum computing systems, software and services for commercial, government and research users. The company focuses on quantum annealing, an approach designed to help solve complex optimization and sampling problems, and offers hybrid tools that combine quantum processing with classical computing.

Its offerings include Advantage quantum computers, the Leap quantum cloud service, and software for building and running applications. D-Wave's technology is used to explore challenges such as scheduling, resource allocation and supply-chain optimization.

Founded in 1999, D-Wave has long focused on bringing quantum computing into practical use.

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