Benchmark Co. analyst David Williams reiterated a Buy rating on D-Wave Quantum (QBTS – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.59.
According to TipRanks, Williams is a 5-star analyst with an average return of 10.7% and a 55.67% success rate. Williams covers the Technology sector, focusing on stocks such as ON Semiconductor, D-Wave Quantum, and Alpha and Omega.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for D-Wave Quantum with a $7.00 average price target, implying a 340.25% upside from current levels. In a report released on August 10, Craig-Hallum also reiterated a Buy rating on the stock with a $10.00 price target.
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QBTS market cap is currently $157.3M and has a P/E ratio of -2.50.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QBTS in relation to earlier this year.
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DPCM Capital Inc is a blank check company.
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