Quantum computing stock D-Wave Quantum (QBTS) shares have soared nearly 320% year-to-date, driven by rising interest in quantum computing and AI tools. Investors are betting that D-Wave’s systems could play a key role in the next phase of AI and computing growth. The company is set to report its Q3 2025 earnings next month on November 6. Wall Street expects a quarterly loss of $0.07 per share, slightly better than the $0.072 loss posted a year ago.
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Meanwhile, analysts project Q3 revenues at $3.04 billion, up 63% year-over-year. Ahead of the report, Top Roth MKM Analyst Sujeeva De Silva reaffirmed a Buy rating and increased the price target to $50 from $20 per share, implying about 40% upside from current levels. With earnings on the horizon, it’s worth taking a closer look at who owns QBTS stock.
Now, according to TipRanks’ ownership page, public companies and individual investors hold the largest share of QBTS at 69.69%. They are followed by ETFs, mutual funds, insiders, and other institutional investors, at 13.54%, 9.07%, 7.68%, and 0.03%, respectively.
Digging Deeper into QBTS’s Ownership Structure
Looking closely at top shareholders, Vanguard owns the highest stake in QBTS at 7.50%. Following that is Public Sector Pension Investment Board, which owns about 6.02% of the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2.55% stake in D-Wave Quantum stock, followed by the iShares Russell 2000 ETF (IWM), with a 2.18% stake.
Moving to mutual funds, Vanguard Index Funds hold about 5.37% of QBTS. Meanwhile, Fidelity Salem Street Trust owns 0.93% of the company.
Is D-Wave a Good Stock to Buy?
D-Wave is currently covered by ten Wall Street analysts, all of whom hold a bullish outlook. The stock carries a Strong Buy consensus rating, with all ten analysts assigning a Buy rating over the past three months. However, QBTS’s average price target of $27.00 suggests approximately 23.53% downside potential over the next twelve months.
