In the last three months, 14 analysts have published ratings on D-Wave Quantum (NYSE:QBTS), offering a diverse range of perspectives from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	13	1	0	0	0
Last 30D	1	0	0	0	0
1M Ago	4	0	0	0	0
2M Ago	4	1	0	0	0
3M Ago	4	0	0	0	0

Analysts have recently evaluated D-Wave Quantum and provided 12-month price targets. The average target is $19.14, accompanied by a high estimate of $30.00 and a low estimate of $12.00. Witnessing a positive shift, the current average has risen by 46.67% from the previous average price target of $13.05.

Diving into Analyst Ratings: An In-Depth Exploration

A comprehensive examination of how financial experts perceive D-Wave Quantum is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Ruben Roy	Stifel	Announces	Buy	$26.00	-
David Williams	Benchmark	Maintains	Buy	$20.00	$20.00
Kevin Garrigan	Rosenblatt	Announces	Buy	$30.00	-
Craig Ellis	B. Riley Securities	Raises	Buy	$22.00	$20.00
Kingsley Crane	Canaccord Genuity	Announces	Buy	$20.00	-
Troy Jensen	Cantor Fitzgerald	Announces	Overweight	$20.00	-
David Williams	Benchmark	Raises	Buy	$20.00	$14.00
Craig Ellis	B. Riley Securities	Raises	Buy	$20.00	$13.00
David Williams	Benchmark	Raises	Buy	$20.00	$14.00
Suji Desilva	Roth Capital	Raises	Buy	$18.00	$12.00
Craig Ellis	B. Riley Securities	Raises	Buy	$13.00	$12.00
David Williams	Benchmark	Raises	Buy	$14.00	$8.00
Richard Shannon	Craig-Hallum	Raises	Buy	$12.00	$9.00
Quinn Bolton	Needham	Raises	Buy	$13.00	$8.50

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to D-Wave Quantum. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of D-Wave Quantum compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of D-Wave Quantum's stock. This comparison reveals trends in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of D-Wave Quantum's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on D-Wave Quantum analyst ratings.

Get to Know D-Wave Quantum Better

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

Financial Milestones: D-Wave Quantum's Journey

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Positive Revenue Trend: Examining D-Wave Quantum's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 508.56% as of 31 March, 2025, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -36.14%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): D-Wave Quantum's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -4.01%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -2.06%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: D-Wave Quantum's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.19.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.