By the Top Tier Newswire AI Desk · November 6, 2026 at 12:26 PM ET · reviewed against 8 wire stories
D-WAVE QUANTUM INC (QBTS) is up +15.69% in the latest session. Our newswire has captured 8 stories on QBTS across 7 sources in the last 36 hours, with AI sentiment reading bearish (avg 42/100).
D-Wave Quantum Inc. shares rose 15.69% to close at $10.47, reversing a recent slide driven by a flat quarterly revenue report and a CFO retirement announcement. The primary driver for the rebound appears to be renewed analyst interest in the quantum computing sector, with Wedbush adjusting its price target to $30 and B. Riley Securities maintaining a Buy rating while lowering its target to $27.
What Happened
The stock had fallen 25.4% over the previous eight sessions, dropping from $12.13 to $9.05. This decline followed a flat quarterly revenue report and the announcement of a CFO retirement, which triggered back-to-back sell-offs. A securities class action lawsuit is also pending, alleging that D-Wave overstated its growth prospects.
Despite the legal overhang, Wall Street analysts are highlighting significant upside potential. Wedbush cut price targets on IonQ, Rigetti, and D-Wave, but still set a $30 target for QBTS. B. Riley Securities also lowered its price target to $27. Separately, TipRanks data suggests that D-Wave Quantum offers over 130% upside potential in 2027 according to analysts. The company also recently enhanced its Stride Hybrid Solver and launched developer training.
What The Data Shows
The session opened at $9.53, a 5.2% gap up from the prior close of $9.05. The stock hit a session high of $10.47 at 12:25 PM ET and a low of $9.15 at 8:10 AM ET. Volume stood at 9.3 million shares, which is 0.6 times the three-month daily average.
Fundamentals show a market cap of $3.9 billion. The company remains unprofitable with a trailing twelve-month EPS of -0.69 and revenue down 44.2% year-over-year. The stock has a beta of 2.33 and a 52-week range of $8.48 to $32.39. On November 6, 2026, the stock printed 33 fresh 52-week highs and 2 fresh 52-week lows. Insider activity is minimal, with one sale of $20,000 by Director John D. Dilullo on September 8, 2026.
What To Watch
Investors will monitor the progress of the securities class action lawsuits, including lead plaintiff deadlines. Analyst coverage remains active, with recent price target adjustments from Wedbush and B. Riley Securities setting the tone for the stock’s valuation.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.