Shares of D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) have been given an average recommendation of “Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $2.88.
Several analysts recently weighed in on the stock. Roth Mkm cut their price target on shares of D-Wave Quantum from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark cut their target price on shares of D-Wave Quantum from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. B. Riley boosted their price target on shares of D-Wave Quantum from $3.75 to $4.50 and gave the company a “buy” rating in a research report on Monday, November 25th. Westpark Capital restated a “buy” rating and issued a $3.00 price objective on shares of D-Wave Quantum in a report on Friday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $2.25 target price on shares of D-Wave Quantum in a report on Friday, November 15th.
View Our Latest Stock Analysis on D-Wave Quantum
Hedge Funds Weigh In On D-Wave Quantum
D-Wave Quantum Stock Performance
Shares of QBTS stock opened at $2.99 on Wednesday. D-Wave Quantum has a fifty-two week low of $0.68 and a fifty-two week high of $3.77. The firm has a market cap of $669.79 million, a P/E ratio of -7.12 and a beta of 1.79. The business’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.21.
D-Wave Quantum Company Profile
D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.
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