D-Wave Quantum Inc. (NASDAQ:QBTS) Stock Has Average Target Price of $36.27 According to Analysts

Key Points

• Analysts remain moderately bullish: Sixteen brokerages give D-Wave Quantum a “Moderate Buy” consensus, with 13 buy ratings, two holds and one sell. The average 12-month price target is $36.27, well above the stock’s reported $12.13 opening price.
• Recent financial results fell short of expectations: D-Wave reported a quarterly loss of $0.10 per share versus the estimated $0.08 loss, while revenue of $3.08 million missed the $4.03 million consensus estimate. The stock has also declined sharply from its 52-week high of $37.62.
• Upcoming catalysts and risks could drive volatility: Investors are awaiting third-quarter 2026 results on November 10 and management’s conference appearances on November 11–12, while a newly publicized securities class action and concerns about widening losses and limited near-term revenue growth weigh on sentiment.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $36.27.

QBTS has been the subject of several research analyst reports. Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Benchmark started coverage on shares of D-Wave Quantum in a research note on Monday, July 27th. They issued a "buy" rating and a $30.00 target price for the company. Roth Capital reissued a "buy" rating and set a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. Zacks Research lowered shares of D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 18th. Finally, BMO Capital Markets began coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They issued an "outperform" rating and a $35.00 price target for the company.

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Latitude Advisors LLC acquired a new stake in D-Wave Quantum during the 3rd quarter worth about $38,000. Flagship Harbor Advisors LLC grew its stake in D-Wave Quantum by 4.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 55,868 shares of the company's stock valued at $926,000 after purchasing an additional 2,184 shares during the last quarter. Corecam Pte. Ltd. increased its holdings in shares of D-Wave Quantum by 32.6% in the third quarter. Corecam Pte. Ltd. now owns 44,519 shares of the company's stock valued at $722,000 after purchasing an additional 10,947 shares during the period. McGuire Investment Group LLC increased its holdings in shares of D-Wave Quantum by 0.6% in the third quarter. McGuire Investment Group LLC now owns 411,189 shares of the company's stock valued at $6,813,000 after purchasing an additional 2,608 shares during the period. Finally, Simplicity Wealth LLC increased its holdings in shares of D-Wave Quantum by 69.1% in the third quarter. Simplicity Wealth LLC now owns 74,609 shares of the company's stock valued at $1,236,000 after purchasing an additional 30,490 shares during the period. Hedge funds and other institutional investors own 42.47% of the company's stock.

D-Wave Quantum Stock Performance

D-Wave Quantum stock opened at $12.13 on Wednesday. The stock has a 50-day moving average of $15.92 and a two-hundred day moving average of $19.64. D-Wave Quantum has a one year low of $11.26 and a one year high of $37.62. The stock has a market cap of $4.49 billion, a PE ratio of -17.08 and a beta of 2.18.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The business's quarterly revenue was down 0.6 on a year-over-year basis. As a group, sell-side analysts predict that D-Wave Quantum will post -0.46 EPS for the current fiscal year.

Key Stories Impacting D-Wave Quantum

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

• Neutral Sentiment: D-Wave will release third-quarter 2026 results before the market opens on November 10. The report is an important near-term catalyst, as investors look for evidence that bookings and quantum-computing adoption are translating into revenue and whether losses are widening. D-Wave Quantum to Report Third Quarter 2026 Financial Results
• Neutral Sentiment: Management is scheduled to participate in technology and investment conferences on November 11–12, potentially providing updates on customer demand, product development and its commercial outlook. D-Wave Quantum to Participate in Upcoming Investor Conferences
• Negative Sentiment: Several law firms publicized a federal securities class action against D-Wave and certain officers. The suit covers investors who bought securities between February 26/27 and August 25, 2026, and alleges the company overstated its growth prospects and made material misstatements or omissions about its financial and operational outlook. The allegations have not been proven, but the litigation adds legal, reputational and potential financial risks. Investors seeking lead-plaintiff status generally face a December 15, 2026 deadline. Pomerantz Class Action Announcement
• Negative Sentiment: Pre-earnings commentary highlights a difficult setup: QBTS has fallen about 30.5% in a month, while investors remain concerned that rising bookings and technological progress may not offset widening losses, limited near-term revenue growth and a demanding valuation. QBTS Stock Slides Ahead of Q3 Earnings

About D-Wave Quantum

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.

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