D-Wave Quantum (NYSE:QBTS) Trading Up 3.1% – Still a Buy?

10 Apr 2026, 21:16 by Danessa Lincoln · The Markets Daily

D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report)’s share price was up 3.1% during mid-day trading on Friday . The company traded as high as $14.78 and last traded at $14.2970. Approximately 13,750,115 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 27,966,840 shares. The stock had previously closed at $13.87.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QBTS shares. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research note on Wednesday, January 28th. Benchmark reissued a “buy” rating and issued a $35.00 price target on shares of D-Wave Quantum in a research note on Friday, January 23rd. Wall Street Zen cut shares of D-Wave Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. TD Cowen initiated coverage on shares of D-Wave Quantum in a research note on Thursday, February 12th. They issued a “buy” rating on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of D-Wave Quantum in a report on Friday, March 27th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

Get Our Latest Research Report on D-Wave Quantum

D-Wave Quantum Stock Up 3.1%

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 business has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $24.73. The company has a market cap of $5.29 billion, a PE ratio of -13.00 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The company had revenue of $2.75 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Alan E. Baratz sold 35,013 shares of D-Wave Quantum stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $28.06, for a total transaction of $982,464.78. Following the transaction, the chief executive officer owned 2,598,150 shares in the company, valued at $72,904,089. The trade was a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the sale, the director owned 19,803 shares in the company, valued at approximately $356,652.03. This trade represents a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 72,898 shares of company stock worth $1,749,054 in the last quarter. 3.20% of the stock is currently owned by insiders.

Institutional Trading of D-Wave Quantum

Several institutional investors and hedge funds have recently bought and sold shares of QBTS. Root Financial Partners LLC grew its position in D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after acquiring an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of D-Wave Quantum during the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC grew its position in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after buying an additional 838 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum during the fourth quarter worth about $31,000. Finally, Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum during the third quarter worth about $30,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

About D-Wave Quantum

(Get Free Report)

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.