TLDR
- D-Wave Quantum hit new 52-week high of $22.85 with massive 126 million share volume
- Eleven analysts maintain “Buy” rating with $19.27 average price target
- Vanguard boosted stake 58.5% to over 11 million shares as institutions pile in
- Tokyo conference drives 18% daily gain while Asia Pacific bookings surge 83%
- Stock up over 90% year-to-date as quantum computing demand accelerates
D-Wave Quantum shares exploded to a fresh 52-week peak of $22.85 Thursday. The quantum computing stock closed at $22.49 after extraordinary trading volume hit 126 million shares.
This represents a massive jump from the previous close of $18.98. The single-day gain of over 18% came as the company showcased new technology in Japan.
Trading volume spiked well above the typical 40.9 million daily average. Investors clearly took notice of the company’s expanding Asian presence.
D-Wave hosted its first Qubits Japan 2025 conference in Tokyo this week. The event highlighted quantum computing advances and new market opportunities.
The timing proved perfect as bookings surged 83% in the Asia Pacific region. Organizations are increasingly focused on optimization and quantum AI applications.
Wall Street Shows Strong Support
Eleven equity analysts currently rate D-Wave Quantum stock as “Buy.” This unanimous support reflects growing confidence in quantum computing potential.
The average price target stands at $19.27 per share. Several firms recently raised their projections following positive developments.
Rosenblatt Securities initiated coverage with a “buy” rating and ambitious $30 target. Cantor Fitzgerald assigned “overweight” status with a $20 goal.
Piper Sandler delivered the biggest upgrade by jumping from $13 to $22. The firm maintained its “overweight” rating after this major revision.
Williams Trading and Benchmark both established $20 price targets. The analyst community appears increasingly bullish on quantum computing prospects.
Institutional Money Pours In
Vanguard Group made headlines by increasing its position 58.5% during the first quarter. The investment giant now controls 11.28 million shares worth $85.8 million.
State Street Corp expanded holdings by 41.3% to reach 6.65 million shares. Geode Capital Management grew its stake 41.6% to 6.41 million shares.
Marex Group established a fresh $80.1 million position. Penserra Capital Management boosted holdings 80.1% to 5.07 million shares.
Institutional ownership now represents 42.47% of total shares. This demonstrates strong confidence from sophisticated money managers.
Recent insider activity shows some profit-taking behavior. Director Rohit Ghai sold 10,000 shares at $17.93 on September 15th.
CFO John Markovich unloaded 50,000 shares at $16.30 on September 11th. Company insiders still maintain 3.2% ownership despite recent sales.
The company reported quarterly revenue of $3.1 million, beating expectations of $2.55 million. Revenue climbed 40.9% compared to the prior year period.
D-Wave posted a loss of $0.08 per share, missing estimates by $0.03. The company maintains a strong balance sheet with minimal debt exposure.
