Mizuho Reiterates Buy Rating for D-Wave Quantum Inc. with $35 Target

Mizuho maintains its 'buy' stance on D-Wave Quantum Inc., setting a price target of $35.

Written by EarningsIQ · Published Jun 15, 2026, 1:01 PM EDT · Updated Jun 16, 2026, 2:01 PM EDT

Key Points

Mizuho reiterated its 'buy' rating on D-Wave Quantum Inc. (NYSE: QBTS) with a price target of $35 on June 15, 2026.
D-Wave's stock trades at $23.37, with a market cap of $8.66 billion, a 52-week range of $12.75 to $46.75, and a beta of 2.055.
Insiders including the CEO and CFO recently sold shares, and analysts maintain a strong buy consensus with a mean target of $36.44.

Mizuho has reiterated its 'buy' rating on D-Wave Quantum Inc. (NYSE: QBTS), maintaining a price target of $35. This update was made on June 15, 2026, by analyst Vijay Rakesh. The stock is currently trading at $23.37.

D-Wave Quantum Inc. Stock Snapshot

Shares of NYSE:QBTS are trading near $23.37. D-Wave Quantum Inc. has a market capitalization of $8.66 billion. The company is not yet profitable, as indicated by its negative forward P/E ratio of -60.75. The stock has experienced a 52-week low of $12.75 and a high of $46.75. It has a beta of 2.055, suggesting higher volatility compared to the market. The 50-day moving average is $21.66, and the 200-day moving average is $23.68.

Recent Earnings

D-Wave Quantum Inc. reported revenue of $12.44 million, though it experienced a revenue decline of 80.9%. The company is not currently profitable, with a return on equity of -55.27% and no net margin. The next earnings report is expected on August 6, 2026.

Insider Buying and Selling at D-Wave Quantum Inc.

Recent insider activity at D-Wave Quantum Inc. includes significant sales. On June 8, 2026, President and CEO Alan Baratz sold 687,627 shares at an average price of $26.13, and also bought the same amount at $0.8914. CFO John Markovich sold 50,979 shares on the same day at $26.24. Additionally, John Dilullo sold 7,850 shares at $24.43 on June 5, 2026, in a planned transaction.

Analysts Set New Price Targets

On June 15, 2026, Mizuho maintained its 'buy' rating for D-Wave Quantum Inc., setting a price target of $35. Other analysts, including B. Riley Securities and Roth Capital, have also maintained 'buy' ratings with targets of $40. The consensus among 15 analysts is a 'strong buy' with a mean target price of $36.44.

Other Institutional Activity in D-Wave Quantum Inc.

BlackRock, Inc. increased its holdings by 1,955,487 shares, bringing its total to 30,153,928 shares valued at approximately $435.12 million. Vanguard Portfolio Management LLC added 20,793,131 shares, now holding the same amount worth about $300.04 million. UBS Group AG reduced its position by 393,859 shares, now holding 9,869,575 shares valued at $142.42 million.

About D-Wave Quantum Inc.

D-Wave Quantum Inc. is a technology company based in Palo Alto, California, specializing in quantum computing systems, software, and services. It offers products like the Advantage and Advantage 2 quantum computers and the Ocean suite of open-source tools. The company provides cloud-based services through its Leap platform, which combines quantum and classical computing resources. D-Wave's solutions are utilized in various sectors including logistics optimization and drug discovery. The company was founded in 1999 and is led by CEO Dr. Alan E. Baratz.

Bottom Line

Mizuho's reiteration of a 'buy' rating with a $35 price target underscores confidence in D-Wave Quantum Inc.'s potential despite recent volatility. Investors closely watch analyst ratings and insider activity for insights into the company's future. As a reminder, these analyst ratings are based on past data and may not reflect current market conditions.