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Nov 7, 2025 12:30 PM

Analyst Optimistic On D-Wave Quantum Despite Q3 Miss, Raises Estimates

D-Wave Quantum Inc. (NYSE:QBTS) shares are trading lower after the company reported mixed third-quarter results on Thursday.

Rosenblatt analyst John McPeake maintained a Buy and raised the price target from $30 to $40.

Earnings Snapshot

The company reported third-quarter revenue of $3.73 million, beating the consensus estimate of $3.03 million and an adjusted loss of 41 cents per share, missing the consensus estimate for a ...