D-Wave Quantum rises as B. Riley raises QBTS target, quantum stocks rebound
D-Wave Quantum shares rose about 3% as traders focused on a bullish analyst action lifting price targets across quantum names. The move comes as the company has highlighted early-2026 booking strength and large customer wins following its February 26, 2026 year-end update.
1. What’s moving the stock
D-Wave Quantum (QBTS) traded higher on Monday, April 13, 2026, as quantum-computing stocks caught a bid following an analyst price-target increase. B. Riley Securities reaffirmed a Buy rating on D-Wave and raised its price target, helping lift sentiment in the group. (tipranks.com)
2. Why it matters
The upside move is being read as a confidence signal that recent technology and commercialization progress is gaining recognition after a volatile period for quantum names. In its latest annual-results update, D-Wave pointed to accelerating activity entering 2026, including more than $30 million of bookings in January and over $32.8 million of year-to-date first-quarter bookings as of February 25, alongside an eight-figure QCaaS enterprise agreement and a $20 million system purchase disclosed after year-end. (ir.dwavequantum.com)
3. What to watch next
Investors will be watching for follow-through that converts bookings into revenue, plus any additional enterprise/government wins tied to D-Wave’s dual-platform strategy (annealing plus gate-model). The next major scheduled catalyst on many market calendars is D-Wave’s Q1 2026 earnings release timing in early May. (benzinga.com)