3 days Ago By ABMN Staff
Shares of D-Wave Quantum Inc. ( NYSE:QBTS – Get Free Report ) have earned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation.
The average 12-month price objective among brokers that have covered the stock in the last year is $2.54. A number of research firms recently weighed in on QBTS.
Westpark Capital restated a “buy” rating and issued a $3.00 target price on shares of D-Wave Quantum in a research report on Friday, August 9th. Needham & Company LLC cut their price objective on shares of D-Wave Quantum from $2.
50 to $2.25 and set a “buy” rating for the company in a research note on Friday, August 9th. Benchmark decreased 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 report on Monday, August 12th. B.
Riley began coverage on shares of D-Wave Quantum in a research report on Thursday, July 25th. They set a “buy” rating and a $3.00 price target for the company.
Finally, Roth Mkm reduced their price objective on D-Wave Quantum from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th.
View Our Latest Report on D-Wave Quantum D-Wave Quantum Trading Up 1.0 % D-Wave Quantum ( NYSE:QBTS – Get Free Report ) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.
10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). The company had revenue of $2.
18 million during the quarter, compared to analysts’ expectations of $2.88 million. As a group, analysts predict that D-Wave Quantum will post -0.
4 earnings per share for the current year. Institutional Investors Weigh In On D-Wave Quantum Large investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its position in D-Wave Quantum by 25.
0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,350,096 shares of the company’s stock valued at $1,188,000 after acquiring an additional 270,096 shares in the last quarter. Marshall Wace LLP purchased a new stake in D-Wave Quantum in the second quarter worth $265,000.
Bank of New York Mellon Corp bought a new position in D-Wave Quantum in the second quarter worth $251,000. Vanguard Group Inc. lifted its position in D-Wave Quantum by 17.
9% during the first quarter. Vanguard Group Inc. now owns 1,070,337 shares of the company’s stock valued at $2,183,000 after buying an additional 162,688 shares during the period.
Finally, Squarepoint Ops LLC bought a new stake in shares of D-Wave Quantum during the 2nd quarter valued at $163,000. Institutional investors own 42.47% of the company’s stock.
About D-Wave Quantum ( Get Free Report 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. See Also Receive News & Ratings for D-Wave Quantum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D-Wave Quantum and related companies with MarketBeat.
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