QBTS Stock Today (Nov. 25, 2025): D‑Wave Quantum Pulls Back After Massive Run as New ETF Debuts
QBTS shares traded around $22.08, down 4.5% in early afternoon November 25, with volume near 14.7 million and a market cap of $7.7 billion. The stock is up 780% from its 52-week low but remains 53% below its recent high. A new ETF tied to QBTS launched today. Wall Street analysts rate the stock a “Strong Buy” with a $27.36 price target despite valuation concerns.