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D-Wave Quantum ( (QBTS) ) has issued an update.
On October 20, 2025, D-Wave Quantum Inc. announced the redemption of all its outstanding public warrants to purchase shares of its common stock, effective November 19, 2025. This move is expected to streamline the company’s capital structure, with the last trading day for these warrants on the New York Stock Exchange anticipated to be November 17, 2025. If all warrants are exercised, approximately 7.2 million shares of common stock will be issued, resulting in less than 2.1% dilution to existing shareholders.
The most recent analyst rating on (QBTS) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on D-Wave Quantum stock, see the QBTS Stock Forecast page.
Spark’s Take on QBTS Stock
According to Spark, TipRanks’ AI Analyst, QBTS is a Neutral.
D-Wave Quantum’s stock score is primarily influenced by its challenging financial performance and high-risk valuation. Positive technical momentum and a strong cash position provide some support, but substantial net losses and operational inefficiencies remain significant concerns.
To see Spark’s full report on QBTS stock, click here.
More about D-Wave Quantum
D-Wave Quantum Inc. is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s first commercial supplier of quantum computers and the only company building both annealing and gate-model quantum computers. D-Wave’s mission is to help customers realize the value of quantum computing today, offering solutions for optimization, artificial intelligence, and research, among other fields.
Average Trading Volume: 51,099,145
Technical Sentiment Signal: Buy
Current Market Cap: $13.11B
See more insights into QBTS stock on TipRanks’ Stock Analysis page.