B. Riley Just Raised D-Wave Quantum's Price Target to $40, Here's Why It Matters The Headline That Caught Wall Street's Attention Some analyst upgrades feel like background noise. This one doesn't. When B. Riley Securities bumped its D-Wave Quantum (NYSE: QBTS) price target from $36 to $40 while keeping its Buy rating intact, it wasn't just a $4 adjustment. It was the latest move in a pattern of accelerating conviction that's worth paying attention to. Here's the thing about Wall Street: analysts don't raise targets in a vacuum. They do it when the story changes. And D-Wave's story has been changing, fast. As of early June 2026, QBTS trades around $29. That $40 target implies roughly 38% upside from current levels. But the real question isn't whether the stock will hit $40 tomorrow. It's whether D-Wave is building something that justifies that valuation, or whether we're watching another quantum hype cycle inflate. Let's dig i...
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