In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on D-Wave Quantum (QBTS – Research Report). The company’s shares opened today at $0.73.
Shannon covers the Technology sector, focusing on stocks such as Coherent Corp, IonQ, and Emcore. According to TipRanks, Shannon has an average return of -3.0% and a 37.43% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for D-Wave Quantum with a $3.00 average price target, which is a 310.79% upside from current levels. In a report released yesterday, Piper Sandler also reiterated a Buy rating on the stock with a $2.00 price target.
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QBTS market cap is currently $70.41M and has a P/E ratio of -1.12.
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D-Wave Quantum (QBTS) Company Description:
DPCM Capital Inc is a blank check company.
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