D-Wave Quantum (NASDAQ: QBTS) Price Target Adjustment Following Q2 Earnings Miss

Font: Financial Modeling Prep  • Aug 06, 2026

• Canaccord Genuity analyst Kingsley Crane lowered the price target for D-Wave Quantum (NASDAQ: QBTS) to $35.00, suggesting a potential 75.35% upside from its previous stock price of $19.96.
• This adjustment followed D-Wave Quantum's second-quarter earnings report, which missed Wall Street's expectations, reporting revenue of $3.08 million against an estimated $4.08 million.
• The company also reported a wider adjusted loss per share of $0.13 and an increased operating loss of $53.30 million, attributed to strategic investments in product development and commercial expansion.

D-Wave Quantum (NASDAQ: QBTS) is a company that develops and sells quantum computing systems, software, and services. It operates in the competitive Internet - Software industry, as defined by Zacks. The company aims to help businesses solve highly complex problems using its quantum technology.

On August 6, 2026, Canaccord Genuity analyst Kingsley Crane lowered the price target for D-Wave Quantum to $35.00. A price target is an analyst's estimate of a stock's future value. This adjustment reflects a new perspective on the company's potential financial performance.

When the new target was announced, the stock's price was $19.96. This means the $35.00 price target suggests a potential upside of approximately 75.35%. This indicates the analyst believes the stock could increase significantly from its price at that time, despite recent negative news.

This analyst rating followed D-Wave Quantum's second-quarter earnings report, which missed Wall Street's expectations. As highlighted by Invezz, D-Wave Quantum shares fell about 5% after the announcement. The company reported revenue of $3.08 million, falling short of the estimated $4.08 million.

The company's adjusted loss per share was $0.13, which was wider than the consensus forecast for an $0.08 loss. The operating loss also increased to $53.30 million from $26.50 million in the same period last year. Management stated this was due to investments in product development and commercial expansion.