D-Wave Quantum Inc. (NYSE:QBTS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: 17 analysts give D‑Wave a consensus "Moderate Buy" (14 Buy, 2 Hold, 1 Sell) with an average 1‑year price target of $35.53.
• Recent results missed expectations: Q results showed EPS of -$0.09 vs. -$0.05 expected and revenue $2.75M vs. $3.74M expected, though revenue was up 21.7% year‑over‑year.
• Mixed ownership signals: Large institutional inflows (Vanguard, UBS, Goldman et al.) own ~42.47% of shares, while insiders sold ~31,776 shares (~$574.6k) last quarter and now hold 3.2%.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report) has received a consensus rating of "Moderate Buy" from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $35.5333.

A number of equities research analysts have recently weighed in on QBTS shares. Northland Securities began coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a "market perform" rating and a $22.00 price objective for the company. Benchmark reaffirmed a "buy" rating and set a $35.00 target price on shares of D-Wave Quantum in a report on Friday, January 23rd. Rosenblatt Securities reiterated a "buy" rating and issued a $43.00 target price on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Canaccord Genuity Group set a $43.00 price target on shares of D-Wave Quantum in a research note on Thursday, January 29th. Finally, Mizuho cut their price target on shares of D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, February 27th.

Insider Buying and Selling

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total value of $144,080.00. Following the transaction, the director directly owned 19,803 shares of the company's stock, valued at $356,652.03. The trade was a 28.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sophie C. Ames sold 3,070 shares of the business's stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $21.35, for a total value of $65,544.50. Following the completion of the sale, the vice president owned 643,678 shares of the company's stock, valued at $13,742,525.30. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 31,776 shares of company stock valued at $574,571. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QBTS. Vanguard Group Inc. boosted its position in D-Wave Quantum by 41.2% during the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company's stock valued at $950,220,000 after buying an additional 11,218,255 shares during the period. UBS Group AG increased its position in shares of D-Wave Quantum by 541.6% in the third quarter. UBS Group AG now owns 12,089,703 shares of the company's stock valued at $298,737,000 after acquiring an additional 10,205,427 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of D-Wave Quantum by 136,842.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company's stock valued at $83,546,000 after acquiring an additional 3,192,533 shares during the period. Clear Street Group Inc. bought a new position in shares of D-Wave Quantum during the third quarter valued at about $75,344,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of D-Wave Quantum by 311.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company's stock worth $92,781,000 after purchasing an additional 2,685,980 shares during the period. 42.47% of the stock is owned by hedge funds and other institutional investors.

D-Wave Quantum Price Performance

Shares of D-Wave Quantum stock opened at $21.53 on Wednesday. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $7.96 billion, a PE ratio of -19.57 and a beta of 1.95. The business's 50-day moving average price is $17.51 and its 200-day moving average price is $23.21. D-Wave Quantum has a 12 month low of $6.82 and a 12 month high of $46.75.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). The firm had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. D-Wave Quantum had a negative return on equity of 58.58% and a negative net margin of 1,444.10%.The business's revenue for the quarter was up 21.7% on a year-over-year basis. Sell-side analysts forecast that D-Wave Quantum will post -0.44 EPS for the current fiscal year.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: Strong analyst sentiment: most Wall Street coverage is bullish (15 of 17 analysts remain Buys), and consensus expectations ahead of FQ1 are modest (about $4.14M revenue, GAAP EPS ≈ -$0.10), supporting investor confidence. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Positive Sentiment: Customer-facing events to drive visibility and pipeline: D-Wave announced Qubits Europe 2026 (London, June 18) and is planning investor/user showcases — these events can accelerate sales, partnerships and real-world proof points. D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference
• Positive Sentiment: Broader AI/quantum ecosystem tailwinds: Nvidia’s new Ising AI models and other software advances are drawing investor attention to practical quantum workflows — this reframing can lift prospects for D-Wave’s annealing and emerging gate-model offerings. Is Nvidia’s New Quantum Push Quietly Reframing D-Wave Quantum’s (QBTS) Path to Commercial Scale?
• Neutral Sentiment: Upcoming FQ1 earnings create a near-term catalyst and risk — expectations are modest but the market will react to revenue/guide and any update on customer traction. Here’s What the Street Thinks About D-Wave Quantum (QBTS) Ahead of FQ1 2026 Earnings
• Neutral Sentiment: Corporate governance/retention move: the company amended CEO compensation to support growth; this may aid continuity but could concern some investors about dilution/costs. D-Wave Quantum Enhances CEO Compensation to Support Growth
• Negative Sentiment: Execution risk from recent results: last reported quarter missed consensus (EPS and revenue), so the company must show improved near-term revenue and margin trends to justify the rally. (Background: prior quarter EPS and revenue shortfalls weigh on expectations.)
• Negative Sentiment: Competitive and valuation pressure: rival hardware players (e.g., IonQ) and differentiated technology milestones remain market drivers — analysts watching hardware fidelity and algorithmic qubit metrics could re-rate peers, adding downside if D‑Wave lags. How IONQ Stock Rises 10x To $500

D-Wave Quantum Company Profile

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.

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