D-Wave Quantum (QBTS) saw a sharp decline in its stock price during the week ending June 13, 2025, dropping 18.5%.

The downturn was driven by several key factors:

1. Dilutive Stock Offering: D-Wave announced an at-the-market (ATM) offering to raise up to $400 million, which could dilute existing shareholders.
2. Profit-Taking: D-Wave was up 169.5% in the previous 5 weeks (i.e. since the end of April) which caused some investors to cash in gains, contributing to the sell-off.

About D-Wave Quantum Inc.

• D-Wave Advantage offers annealing quantum computing systems, software, and services, worldwide, that are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization.
• In addition to quantum computers; the Company offers:
  • Ocean, a suite of open-source tools;
  • Leap quantum cloud service, a cloud-based service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and
  • D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access.

Stock Price Forecast

According to 6 professional analysts, the average 12-month price target for D-Wave Quantum stock is $10.17 which represents a -32.96% decrease in the stock price over the next year.

Analyst Ratings

Surprisingly, despite the negative stock price forecast, the average analyst rating for D-Wave Quantum stock remains a "Strong Buy" means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

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