D-Wave Quantum Inc.

New York Stock Exchange
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Slightly Bullish +15

D-Wave Quantum Inc. (NYSE:QBTS) Receives Average Recommendation of ...

📊 D-Wave Quantum (QBTS) holds an average broker rating of 'Moderate Buy' with a twelve-month price target of $36.80.

🔼 Rosenblatt Securities raised the price target to $43.00, Mizuho increased it to $35.00, and Needham set a $40.00 objective.

🔄 Zacks Research upgraded the stock from 'strong sell' to 'hold' in April.

📈 Institutional ownership stands at 42.47%, with Root Financial Partners increasing its stake by 388% in Q4.

💰 New institutional positions were opened by Kemnay Advisory Services, McGuire Capital Advisors, and Ancora Advisors.

📉 Revenue dropped significantly to $2.86 million for the quarter ended May 12th, missing estimates of $4.19 million.

📉 Year-over-year revenue declined by 80.9% compared to the same period last year.

💸 The company reported a loss of $0.05 per share, beating the consensus estimate of a $0.08 loss.

🛡️ D-Wave maintains a robust balance sheet with a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

📉 The stock trades at a negative P/E ratio of -14.84 with a market capitalization of $6.20 billion.

🧠 The firm specializes in quantum annealing technology to solve complex optimization and sampling problems.

🏢 Headquartered in Burnaby, British Columbia, the company was founded in 1999 by physicists including Geordie Rose.

Bullish Signals
  • Analysts maintain a 'Moderate Buy' average rating with fourteen out of seventeen brokers recommending a buy.
  • Multiple analysts raised price targets, including Rosenblatt to $43.00 and Mizuho to $35.00.
  • Zacks Research upgraded the stock from 'strong sell' to 'hold', indicating improved sentiment.
  • Institutional investors increased holdings significantly, with Root Financial Partners boosting its position by 388%.
  • The company reported a loss of $0.05 per share, which beat analyst expectations of a $0.08 loss.
  • D-Wave possesses a very strong liquidity position with a current ratio of 21.41 and minimal debt.
Risk Factors
  • Revenue fell sharply to $2.86 million for the quarter, missing analyst expectations of $4.19 million.
  • Year-over-year revenue declined by 80.9%, indicating a significant contraction in business activity.
  • Analysts predict the company will post earnings per share of -0.42 for the current fiscal year.
Full Analysis
Shares of D-Wave Quantum Inc. (NYSE:QBTS) have received an average recommendation of 'Moderate Buy' from seventeen brokerages, with fourteen analysts rating it a buy, two holding, and one selling. The average twelve-month price target among recent coverage is $36.80. Recent analyst actions include Rosenblatt Securities raising its price target to $43.00, Mizuho increasing its objective to $35.00, and Needham & Company setting a $40.00 target, while Zacks Research upgraded the stock from 'strong sell' to 'hold'. Institutional investor activity shows significant accumulation in the fourth quarter. Root Financial Partners LLC increased its position by 388% to own 976 shares valued at $26,000, while EverSource Wealth Advisors lifted holdings by 267.7%. Other new positions were established by Kemnay Advisory Services Inc., McGuire Capital Advisors Inc., and Ancora Advisors LLC. Hedge funds and institutional investors collectively own 42.47% of the company's outstanding stock. Financially, D-Wave Quantum reported a loss of $0.05 per share for the quarter ended May 12th, beating consensus estimates of a $0.08 loss. However, revenue fell sharply to $2.86 million, missing analyst expectations of $4.19 million and dropping 80.9% year-over-year. The company maintains a strong balance sheet with a current ratio of 21.41 and negligible debt, trading at a market cap of $6.20 billion with a P/E ratio of -14.84. The company develops quantum annealing systems headquartered in Burnaby, British Columbia, designed to solve complex optimization problems using quantum mechanics. Its product portfolio centers on quantum annealers complemented by hybrid solvers that integrate classical and quantum computing resources. Founded in 1999 by physicists including Geordie Rose, the firm pursues commercially viable quantum hardware and software tools.