D-Wave Quantum (QBTS) Stock News on Dec. 16, 2025: Jefferies Starts Coverage With a Buy, Wall Street Targets Stack Up, and the Bull–Bear Tug-of-War Intensifies
D-Wave Quantum Inc. (NYSE: QBTS) is back in the quantum-computing spotlight on December 16, 2025, after Jefferies initiated coverage with a Buy rating and a $45 price target—a fresh endorsement in a sector that’s been equal parts hype engine and stress test for investor patience. Investing.com+2TradingView+2 As of the latest available trading data on Dec. 16, QBTS was trading around $24 a share (after a $23.74 prior close), underscoring the scale of upside implied by the new target—and the volatility that comes with “future-of-compute” stocks. But today’s news cycle isn’t a one-note bull chorus. Alongside the Jefferies call, commentary published